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SMSF trustees, get ready to maximise your retirement savings! What is a Self-Managed Super Fund (SMSF)? A self-managed super fund is a private superannuation fund you manage rather than relying on a professional fund manager. As an SMSF trustee, you have more control over your investments and can customise your portfolio to suit your specific needs and risk tolerance. However, with greater control comes increased responsibility, including compliance with regulatory requirements and ongoing administration. Why Choose Horizon Bank's SMSF Saver? The SMSF Saver account from Horizon Bank is designed to meet the unique needs of self-managed super funds. It offers a range of features and benefits that make it an ideal choice for savvy SMSF trustees looking to optimise their retirement savings. Competitive Interest Rates: Horizon Bank's SMSF Saver offers competitive interest rates to help your retirement savings grow. Earning a higher return on your cash holdings can maximise your wealth accumulation and achieve your long-term financial goals. Flexibility: The SMSF Saver provides flexibility in how you manage your funds. With no minimum balance requirement and no fixed term, you can access your money when you need it without penalty. This flexibility allows you to adapt your investment strategy as your needs and circumstances change. Easy Access: Managing your SMSF Saver account is simple with Horizon Bank's online banking platform. You can easily view your account balance, transfer funds, and access statements from the comfort of your home or office, giving you more control over your investments and financial planning. Security: As a member-owned bank, Horizon Bank prioritises the security of its customer's funds. By choosing the SMSF Saver, you can have peace of mind knowing that your retirement savings are securely held with an established financial institution. All about You: As a customer-owned financial institution, Horizon Bank prides itself on providing personalised service to its customers. As an SMSF Saver account holder, you'll have access to dedicated support from a team of experienced banking professionals who understand the unique needs of self-managed super funds. Maximising Your Retirement Savings with SMSF Saver Consider implementing the following strategies to maximise your SMSF Saver account and optimise your retirement savings. Regular Contributions: Regularly contributing to your SMSF Saver account can help grow your retirement savings. By consistently adding funds to your account, you can use compound interest and accelerate your wealth accumulation. Diversification: Diversifying your SMSF investments can reduce risk and improve returns. By holding a portion of your portfolio in cash through the SMSF Saver account, you can create a balanced investment strategy that aligns with your risk tolerance and financial goals. Monitor Performance: Regularly monitoring the performance of your SMSF Saver account and other investments can help ensure you stay on track to achieve your retirement objectives. By reviewing your account statements and discussing your investment strategy with a financial advisor, you can make informed decisions and adjust your approach as needed. Review Fees and Charges: It's essential to review the fees and charges associated with your SMSF Saver account and other investments regularly. By minimising costs, you can maximise your returns and ensure more of your money is working towards your retirement goals. Secure Your Financial Future with Horizon Bank's SMSF Saver Choosing the right savings strategy is crucial for self-managed super fund trustees looking to maximise their retirement savings. With its competitive interest rates, flexibility, and personalised service, Horizon Bank's SMSF Saver is an excellent option for those seeking a secure and effective solution for their cash holdings. By taking advantage of the features and benefits offered by the SMSF Saver, you can optimise your investment strategy and secure your financial future. Start growing your retirement savings today with Horizon Bank's SMSF Saver and take control of your financial destiny. As always, we are here to help and have branches across the Illawarra, Shoalhaven, Eurobodalla and Sapphire Coast. Contact us if we can be of any assistance. Horizon Bank has a branch network spanning the NSW South Coast and Illawarra. Horizon Bank branch locations: Albion Park, Bega, Bermagui, Berry, Merimbula, Moruya, Nowra, Thirroul, Ulladulla & Wollongong. Note: You should consider the General Terms & Conditions in deciding whether to buy or hold the products.

Are you looking for a different way to save for retirement?A Self-Managed Super Fund (SMSF) may be something you should consider as a way to plan for retirement. You can choose your own investments and manage your own super fund. This gives you more control over your future and allows you to make the most of your retirement savings. What is a self-managed super fund (SMSF)?A self-managed super fund (SMSF) is a type of superannuation fund where the members are also the trustees. This means that the members have control over the investment decisions made and are responsible for complying with the relevant legislation. SMSFs can be established by up to four trustees, who can either be individuals or corporate trustees. The trustees must also be members of the fund. One of the benefits of an SMSF is that it offers flexibility in terms of investment options. Trustees can choose to invest in a wide range of assets, including shares, property, and managed funds. This can provide greater control over the retirement savings and allow the fund to be tailored to individual needs. Another advantage of an SMSF is that it may offer cost savings compared to larger superannuation funds. This is because SMSFs have lower administrative costs and can benefit from economies of scale. Ultimately, an SMSF can provide greater control and flexibility when it comes to retirement planning.   How do self-managed super funds (SMSFs) work? A self-managed super fund (SMSF) is a trust fund established for the purpose of providing retirement benefits for its members. It is managed by its members, who are also trustees of the fund. SMSFs are unique in that they allow individuals to have direct control over their retirement savings. As such, SMSFs are subject to stringent regulations designed to protect the interests of members. One of the key requirements of an SMSF is that it must have a compliant investment strategy. This means that the trustees must consider factors such as how the fund will generate income and how it will grow over time. Additionally, SMSFs must maintain detailed records and comply with reporting requirements. While this may seem like a lot of work, many people find managing their own super fund is a rewarding experience. What are the benefits of self-managed super funds (SMSFs)?Self-managed super funds have become increasingly popular in recent years and for good reason. SMSFs offer a number of benefits that traditional super funds simply can't match. SMSFs give you a high degree of control over your investments. With an SMSF, on the other hand, you have the final say over where your money is invested. This means that you can tailor your portfolio to your unique financial goals and risk tolerance. In addition, SMSFs typically charge lower fees than traditional funds. This is because you're not paying for expensive fund managers or other middlemen. As a result, more of your money stays in your pocket, where it can compound over time and grow into a sizeable nest egg. SMSFs offer greater flexibility when it comes to withdrawals and benefits. This flexibility can be especially beneficial if you need to access your funds for unexpected expenses or opportunities. All things considered, it's no wonder that self-managed super funds have become such a popular choice for savvy investors. Things to consider before setting up an SMSFThere are a few things to consider before setting up a self-managed super fund (SMSF). First, you need to be sure that you are able to meet the SMSF administration requirements. This includes: maintaining records; preparing financial statements; and lodging tax returns. You also need to have an understanding of investment strategies and SMSF fund rules. Additionally, you need to be comfortable making decisions about your own finances and investments. If you’re not confident in your ability to meet these requirements, it would be best to seek professional advice. Another thing to consider is whether you have enough money to comfortably invest in an SMSF. This type of fund typically requires a larger initial investment than other types of super funds. Finally, you need to be aware of the risks involved in investing in an SMSF. As with any investment, there is always the potential for loss. Contact us todayLook to Horizon Bank to open a Self-Managed Super Fund Saver account. Get in touch with one of our friendly local team today. Horizon Bank has a branch network spanning the NSW South Coast and Illawarra. Horizon Bank branch locations: Albion Park, Bega, Bermagui, Berry, Merimbula, Moruya, Nowra, Thirroul, Ulladulla & Wollongong. Note: The article above is not financial advice. You should consider your own financial circumstances. Before acquiring the financial product, you should consider whether or not the product is appropriate for you. You may wish to seek financial advice from a professional financial adviser. A Product Disclosure Statement (PDS) is available from any Horizon branch. You should consider the relevant PDS in deciding whether to buy or hold the products.