There are costs involved in establishing and maintaining your SMSF. Your financial planner will help you assess the costs involved and determine if they are appropriate for your financial situation
Switch your Super to something you can control
A self-managed superannuation fund (SMSF) is a legal tax structure regulated by the Australian Tax Office (ATO), with the sole purpose of providing for your retirement. An SMSF gives you the control that comes with managing your own super and investments.
The main motivation behind Australians establishing their own super fund is achieving greater control and choice of investment
Factors to consider before establishing an SMSF
An SMSF isn’t right for everyone.
Our expert advisors can help determine if this is a good option for your financial situation.
Establishment and ongoing costs
Winding down your SMSF
Depending on the circumstances, SMSFs can be costly to wind down, especially if the closure of your fund prematurely interrupts the original investment strategy.
Despite having qualified licensed experts guiding you each step of the way, you are still ultimately responsible for the compliance and decision making for your SMSF
Minimum fund size
To open an SMSF and invest in property there is a minimum balance recommendation, to ensure it is an appropriate decision for your financial situation. Our financial planners will explain during your initial consultation.
Annual investment strategy
For an SMSF to remain compliant, SMSF trustees must review and update their investment strategy annually. Our financial planners guide clients through this process.
As a trustee of an SMSF, government legislation requires you to consider insurance. Our financial planners are skilled at comparing insurances for your situation and helping find the most appropriate for your needs.
Allowable investments in a self-managed super fund
The ATO states ‘all investments by your SMSF must be made on a commercial ‘arm’s length’ basis’. This means no one associated with your fund should get a present-day benefit from its investments.
Your fund needs to be maintained for the sole purpose of providing death or retirement benefits to your members or the members' dependants. However, there is a range of allowable investments you may not be aware of, as long as the conditions above are adhered to.
Allowable investments include:
- Residential Australian property
- Commercial Australian property
- Term deposits
- - Australian shares
- International shares
- Australian and international managed funds
- Collectables and personal use assets (restrictions apply).
We Make It Easy To Set Up
Work with an expert SMSF adviser
Speak with a Superannuation Property expert adviser, discuss your Super and goals. From there, we book an appointment for a financial planner to have a chat about your situation, and assess if SMSF if right for you.
Let us show you how to start an SMSF
Our SMSF compliance and administration team will assist you every step of the way. We teach you what is involved in opening and running your SMSF. Over the life of your fund, we continuously assist with all regulatory changes, admin and compliance.
Invest your Super savings
We have an expert team of qualified and experienced staff to help you. Our financial planners offer personalised investment advice, and if you choose to invest in property, our coaches and research economics teams will advise you on forecasted growth locations.
Watch and understand your balance
Our SMSF experts regularly assess your balance and its opportunity to grow. Our financial advisers, property coaches, administration and compliance staff will help you every step of the way.
Chat with our advisors free of charge to discover if establishing an SMSF is the best option for you.