About 12 months ago I received a phone call from a distraught man whose superannuation was controlled totally by his adviser. He was referred to me by an existing client on the basis that if I couldn’t help him directly, I would know someone who could. He had so little information and so few records, he was almost in tears as he admitted that he felt like such a mushroom and didn’t know what type of superannuation fund he actually had.
It turned out that he and his wife, both in their mid-sixties, had a Self Managed Super Fund with significant problems which were causing them a lot of heartache and stress. That was the day I became the SMSF mechanic! Since then I have been referred to many people with Self Managed Super Fund problems.
There is no doubt that Self Managed Super Fund is appropriate for some people but a SMSF is definitely not for everyone. There are a lot of people out there who have a SMSF because someone else thought it was a good idea.
If this is you or is you can answer YES to any one of the 5 questions below, it will pay you to call me for a chat or a second opinion.
Q1. Have you lost money as a result of bad advice or unscrupulous operator?
Q2. Do you think you are paying too much to an adviser or administration company?
Q3. Were you sold real estate property via a SMSF by a property marketeer?
Q5. Does your current adviser have total control of your fund and tell you very little?
Q6. Was your fund set up for you and now sits idle and does nothing?
Don’t risk your retirement. Contact me now and let’s talk it over. There’s no obligation and if I can’t help you I won’t charge you.
Gary Weigh & Associates Pty Ltd is a Corporate Authorised Representative (No. 256617) of Australian Mortgage and Financial Advisers Pty Ltd, Australian Financial Services Licence No. 389206.
General advice warning
The article above is general advice only designed to educate and heighten awareness of superannuation issues. It should not be regarded as personal advice because it does not take into account your personal circumstances, financial situation or specific goals. For personal advice that is tailored to your needs, please consult a licensed financial adviser.