Self Managed Super Funds (SMSF’s) - It's All About Control...

Having an experienced investment manager look after your superannuation in a retail or industry fund suits many people. However, it means members have little control over specific assets choice.  Consequently, more and more people are realising the advantages of making their own investment decisions regarding their retirement, and taking control of their own superannuation funds. An increasingly popular choice is the self managed superannuation fund (SMSF) - or sometimes called DIY Super.

Advantages of SMSFs

The main motivation for setting up an SMSF is generally the desire for more control over your superannuation. Other advantages include:

• Greater investment choice;

• Greater control over investment strategies;

• Access to investment gearing opportunities;

• Ability to better manage fees and costs;

• Can be used for efficient estate planning.

Is an SMSF Fund for Me

There is no doubt there are advantages to SMSFs, however you need to consider if an SMSF is the most appropriate for you. In trying to answer this question the ATO recommends you consider:

• Is the fund strictly for retirement benefits?

• Do you have the time to manage your own fund?

• Will the benefit be worth the cost?

• How will switching to an SMSF affect your current superannuation benefits?

It is important for you to get advice on whether an SMSF is right for you.  We can also help you establish, manage, administer and form your strategy.

What to do next

 If you want us to help you review your options Contact Us today.