Statistics reveal over 500,000 SMSFs in Operation in Australia

Boutique Law Firm Based in Perth | Munro Doig
A study finds over 500,000 self-managed superannuation funds (SMSFs) are under operation in Australia. Munro Doig Lawyers express their opinion on the popularity of Superannuation and how they help their clients on the same.

West Perth, Western Australia – September 27, 2017 – According to the statistics unveiled by the Australian Prudential Regulation Authority, over 500,000 self-managed super funds are presently in operation in Australia, as of February 2017. This is in accordance to the Australian government’s policy that motivates citizens to fund their own retirement. Leading law firm, Munro Doig Lawyers offers advice and assistance for clients with regard to SMSFs.

A spokesperson for the firm stated, “The increasing demand and popularity of Self-Managed Superannuation Funds is owing to the fact that the members have full control of their investment and their investment options, alongside an access to significant tax concessions. Funding your own retirement is a wise decision and we are here to help you out.”

Their superannuation lawyers in Perth assists their clients by offering quality advice on the use of superannuation and accessing associated tax concessions, establishing an SMSF that included document preparation, advising on starting pensions and making decisions on how benefits are to be passed on at death, advising on tax and transfer duty aspects on transactions such as selling of assets to the SMSF, dealing with estate planning aspects and audit issues, establishing installment trusts and more.

“The Australian government needs us to fund our own retirement. For the long term, superannuation savings can be one of the most tax effective ways of saving made. You can also enjoy the benefits of greater economies of scale such as reduced taxation costs and this is one of the most effective ways for you to diversify the investments. Our experts are here to help you out if you are completely new to this concept,” clarified the spokesperson.

Munro Doig Lawyers was established in the year 2002 and has been the leaders in the areas of taxation, superannuation, commercial and migration law ever since. Munro Doig Lawyers is committed to providing first-class assistance, trustworthy advice and strategic solutions. The tax lawyers in Perth also maintain long-standing relationships with their clients. Their professionals think outside the box and provide leading-edge solutions catering to their requirements.

About Munro Doig Lawyers:

Munro Doig Lawyers is a boutique law firm offers strategic solutions to resolve complex legal problems and expert advice for clients.

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Company Name: Munro Doig Lawyers
Contact Person: Lester Ong
Phone: 08 9426 6222
Address:43 Richardson St.
City: West Perth
State: Western Australia
Country: Australia