Self Managed Super Funds

An alternative to having a retail superannuation fund with a Fund Manager is to set up your own Self-Managed Superannuation Fund (SMSF).

A SMSF operates in much the same way as other types of super funds. A SMSF is a superannuation trust that has the primary purpose of providing retirement benefits to the members, which could be you and up to 4 other family members. All the members will act as trustees for the underlying investments, hence, all members control and run the super fund.

SMSF’s place you in a unique position to create a superannuation investment portfolio that meets your exact needs. SMSF’s can invest in almost any investment products, subject to certain restrictions, such as managed funds and direct assets such as shares, bonds, term deposits, cash management trusts and derivative products like warrants and options.

In addition to the wide choice above, some investments will only be available exclusively through SMSF’s such as business real property and collectables.

A SMSF needs an annual tax return and audit to be completed by an accountant. We would therefore suggest that a SMSF should at least have a balance of $200,000 to make it cost effective.

Investor Wealth will hold your hands throughout the whole process, from initial setup to ongoing investment recommendations and review of the portfolio, to ensure that it meets your retirement needs and objectives.