Self-Managed Super Funds (SMSFs) offer greater control over your retirement savings, but they come with significant responsibilities.

What is an SMSF?

An SMSF is a private superannuation fund that you manage yourself. Unlike retail or industry super funds, SMSFs allow you to have direct control over investment decisions.

Benefits of SMSFs:

• Greater investment flexibility
• Ability to invest in direct property
• Potential for lower fees (for larger balances)
• Estate planning advantages

Compliance Requirements:

• Annual audit by an approved SMSF auditor
• Lodge an annual return with the ATO
• Maintain proper records and documentation
• Follow the sole purpose test

Is an SMSF Right for You?

• SMSFs are generally most suitable for individuals with:
• A minimum balance of $200,000 or more
• Time and knowledge to manage investments
• Understanding of compliance obligations

Contact our team to discuss whether an SMSF is the right choice for your retirement planning.