SMSF

Take back control of your 
retirement benefits

A Self-Managed Superannuation Fund (SMSF) is a superannuation trust structure that provides benefits to its members upon retirement. The main difference between SMSF’s and other super funds is that SMSF members are also the trustees of the fund.

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What an SMSF can do for you

Take back total control of your Super

An SMSF allows you to choose where you invest your Super balance. Clients who are disappointed with their Super Fund’s performance can choose to establish and manage their own SMSF. The member can invest in a wide-ranging portfolio. eg, term deposits, Australian and international shares, residential and commercial property.

Accumulation and pension funds in one

With retail and industry funds, your benefit is invested separately in an accumulation or pension account. To drawdown your Super benefit as a pension it will need to be transferred to a separate pension account. Any contributions you make will be added to a separate accumulation account. No need to split your Super Benefit into multiple Funds.

Manage up to four members’ Super in one SMSF

You can set up an SMSF for yourself, add up to three other people and consolidate the super balance from each member into one SMSF. This enables you to reduce the average fee per member to run an SMSF.

Flexibility and transparency

An SMSF gives you the flexibility to change investments and the structure of your super as needed and to implement effective tax strategies. They also provide better transparency and give you greater visibility over how their investments are tracking.

Transfer assets from your personal name to an SMSF

It is possible for members to make contributions of assets instead of cash such as shares, managed funds, and commercial property into an SMSF (called in-specie contributions). In-specie transfers allow you to consolidate your family assets under one SMSF tax advantaged umbrella. Note that taxation and capital gains tax issues in your name should be considered.

Advising you on the little things you might not know

SMSF’s can have between one and four members, and one of the main advantages is the level of control that trustees have when it comes to tailoring the fund to meet their individual needs.

This differs from retail and industry super funds, which are designed to benefit a large group of members, meaning decisions are based on collective interests rather than what is best suited to individuals.

Most people invest their superannuation into retail or industry superannuation funds to which their employers contributed a percentage of their salary. Fund managers then make investment decisions on behalf of the members of those Funds.

This landscape has dramatically changed in the past 10 years, with many Australians having switched from retail or industry super funds to SMSF’s. The reasons for the change include the additional control over their superannuation and potentially lower fees.