Everything you need to now about DIY Super
and how to Retire Rich...

DIY Super could be the way that you are able to retire wealthier, healthier and earlier.<

Why?

Well for many it is the main stay of their retirement and the more you have in Super the better. Super is one of the best ways for PAYE and Self Employed or Small Business Owners to reduce the theft, sorry, Tax in Australia.

All you really have to do is look at the statistics, the average in the normal retail fund is about $30,000 the average in a DIY Super Fund is $240,000. These are figures from APRA (Australian Prudential Authority June 2002).

Why are they so good? Well first you can salary sacrifc money into DIY Super and avoid PAYE or tax on Profits, dependant on if you are employed or Self Employed.

Then you can reduce the Tax levied on your super by reducing your taxable income by joint venturing with your super. You can pay in an amount on behalf of your spouse if they have not used up their allowance. You can reduce the tax in the fund by using imputation credits , then you can use the money in the fund to do a certain number of things, like make sure you are insured properly, buy the property under your business, buy a business and pay a company to run it. You can work in that business but the company cannot be owned by you.

You see it can be great fun to have your own fund. Go and look at all the other pages down the left to see the other thngs you can do, like Art, Wines, Proprety Etc.

Good Luck and remember to join our Free membership Newsletter all about diy super