Self-managed superannuation funds

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A Self-Managed Super Fund (SMSF) allows you to take direct control of your retirement investment decisions. However this is a major financial decision that requires time and skill to effectively manage. Is it right for you?

Establishing a Self-Managed Super Fund is a major financial decision. Knowing precisely what you are getting in to and being aware of the additional responsibilities associated with managing your own fund is very important.

Benefits of a SMSF

  • Control and visibility:

    As a trustee of your fund you can control what you invest in and see how your super is doing at any time. Members of retail or industry super funds generally have to wait for their annual/bi-annual statement.

  • Investment choice:

    A SMSF offers a wider range of investment options than retail or industry super funds, including direct shares, high yield cash accounts, corporate debt, property, unlisted assets, and more.

  • Pool family assets:

    A SMSF can have up to four members, meaning you are able to consolidate up to four super accounts and asset collections into a single fund. One fund, one fee!

  • Tax strategies:

    Depending on your situation, one significant benefit of a SMSF is the flexibility that trustees have over how tax is paid on the fund. Working with a skilled accountant can identify tax savings that members of a retail or industry super fund do not have access to.

  • Asset protection:

    Assets within a SMSF are protected against litigation and/or bankruptcy of any of the trustees.

A SMSF is just one way to save for retirement: depending on your circumstances, there may be better options for your super savings.

Disadvantages of a SMSF

    • Inadequate funding:

      For a Self-Managed Super Fund to be profitable in the long run, a minimum cash and asset pool of around $300,000 is required.

    • No statutory compensation:

      In the event of theft or fraud resulting in a financial loss, SMSF members are not eligible to apply for a government grant of financial assistance.

    • Living abroad:

      SMSF trustees must be Australian residents and residing overseas for extended periods can result in your fund being deemed non-compliant and facing heavy penalties.

Like any major financial decision, seeking professional advice for any aspect you are not sure of is highly recommended

Want to learn more?

If you're not quite ready for a one-on-one consultation just yet, perhaps you could benefit by attending one of our FREE informational seminars. Our seminars are a very informal and casual affair where attendees can learn more and ask questions before making any sort of commitment.

Contact us today to arrange an initial meeting to discuss how we might be able to assist you.


This is general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this document, you should assess your own circumstances or seek advice from a financial planner and seek tax advice from a registered tax agent. Information is current at the date of issue and may change.