Self Managed Superannuation Funds

Home SMSF Is an SMSF right for me?

Is self-managed superannuation right for me?

Self-managed superannuation is not for everyone. 

The Australian Securities and Investments Commission (ASIC) has, through its Moneysmart website, issued a series of warnings for those thinking about establishing an SMSF and has released some guidance for advisers who speak with people about establishing an SMSF. (ASIC Information Sheet 274 - INFO 274)

The Australian Taxation Office has its own recommendations for those considering an SMSF. It has also released a consumer guide comparing SMSFs with other superannuation funds. The guide provides high level comparisons across areas including:

  • Members and trustees
  • Responsibilities
  • Investments
  • Insurance
  • Regulation
  • Complaints and disputes
  • Fraudulent conduct or theft.

The full text of the guide can be accessed Here