Self-Managed Superannuation Funds
Self Managed Superannuation Funds (SMSF) are becoming increasingly popular and they may be the right structure for you too if you want to take more control of your superannuation investments. There are three key reasons for establishing your own SMSF:
- because you want to control your own finances,
- you want flexibility, and
- you want a broad range of investment choice.
With an SMSF, you can typically choose investments such as:
- Term deposits
- Australian and International shares
- Managed funds
Superannuation law can be complicated and the laws do change which makes managing an SMSF a considerable responsibility.
Before you leave your current super fund to start an SMSF you should discuss your options with your financial adviser and accountant. You should know what you may be losing from your current fund as much as what you might gain from making that choice to establish your own SMSF.