record keeper, employing an
administration provider to take on
this role makes a lot of sense. They
will often offer a range of services,
from trust deed creation and deed
upgrade to record keeping. Many
provide a choice of levels of service,
so you can choose what you would
specifically like them to look after.
A word of caution some low-
cost providers may find it difficult
to operate when the Future of
Financial Advice (FoFA) rules
come in, so rather than opting for
the cheapest, look for a provider
that offers value for money.
and reviewing trust deeds and
appropriate documentation of
strategies such as Limited Recourse
Borrowing Arrangements. If you
are considering implementing a
complex superannuation strategy,
a lawyer who specialises in this
field can be of great help.
questions before considering going down this investment path, and be
sure to seek professional advice before signing on any dotted lines:
ask whether a SMSF is right for you. Don't be one of those people who
looks back and says: `I should have done this years ago'.