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Self Managed Superannuation Funds (SMSFs) are becoming more common - here are some of the most frequently asked questions and answers about this investment strategy.

What is a Self Managed Superannuation Fund?
A self-managed fund is a superannuation vehicle which is run by you for you. As a member and trustee of your own self managed you are in control of the investment decisions.
Legislation now requires all members of self-managed funds to be trustees of the fund. Each fund must have two individual trustees or in the case of single member funds, the member can be trustee through the use of a special purpose trustee company.
The structure of a self-managed fund is essentially the same as one managed by an institution. The major difference is that you are in total control of the investment strategy and specific investments within the fund.

What are the Advantages of Self Managed Super?

There are four main benefits of managing your own super fund:

  • Control - you choose how your assets are invested. With our assistance you can monitor how those investments perform and make appropriate investment decisions
  • Flexibility - As you have total control of your fund, you can switch or modify investments as you see fit. And you'll be able to make prompt 'corrections' to your investment plan. You can link your fund with your overall financial plan. For example, your self-managed fund can be used for both accumulating assets during your working life and for income during retirement by converting to an allocated pension
  • Tax Savings - Superannuation funds can use credits from franked dividends to reduce the 15% tax rate. In a self-managed fund you are in a better position to plan your investments to reduce this tax rate. In fact, some strategies can reduce this down to an effective tax rate of 0%
  • Cost Savings - To quantify whether a Self Managed fund is right for you we provide a fee analysis of your current superannuation arrangements and the cost savings from implementation of a self-managed fund.

How can we help?
If a SMSF is right for you, we can coach you through the entire set-up process of your fund.
Our SMSF packages have been competitively priced to ensure your self managed superannuation fund remains compliant and operates within the legislation requirements. We offer the following services:

  • Full financial analysis of your current situation to explore your options and assist you with making a confident financial decision
  • Development of a formal Investment Strategy for your fund
  • Assisting with the choice of Corporate Trustee or Individual Trustees - depending on your situation and estate planning requirements
  • Preparation of new trust deeds and the upgrade of existing Trust Deeds
  • Ongoing annual reporting requirements - we provide our clients with the full financial reporting required to meet the ATO compliance requirements.

We offer the flexibility for you to choose the services you require. We offer a total package deal or individual services as required. Fees will be discussed and fully disclosed to you, before we start work.


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