Self Managed Superannuation Fund (SMSF)

Self Managed Superannuation Funds continue to be an attractive superannuation vehicle for those who are looking to take more control over their retirement plans and enjoy the flexibility and transparency the structure provides. According to the ATO, since 1999, the sector has grown from around 200,000 SMSFs with $55 billion in assets to 600,000 SMSFs totalling $750 billion in assets. Today, SMSFs comprise nearly one third of Australia’s total $2.76 trillion retirement system. (Source: ATO website,

A self managed superannuation fund can have up to four members, all of whom must be trustees or directors of a corporate trustee, and all individuals must be members (with exceptions in limited circumstances). As both, a member and a director of corporate trustee, you make all decisions relating to the operation of the fund, including how the fund’s assets are invested. While this gives you added responsibility in relation to your superannuation, the majority of the compliance and administrative tasks can be outsourced, meaning you can enjoy the flexibility and control offered by the structure without being burdened by the obligations associated with running your own superannuation fund. To find out more about SMSF, you may wish to watch this video which has been prepared by the ATO. Please click here.

Our accountants and financial planners are experts in this area and can provide you with an explanation of the benefits provided by Self Managed Superannuation Funds. We will be with you from the day you consider setting up your SMSF and let you know if it would be a good idea for you to set up an SMSF. We advise you about the structure of your SMSF by preparing a comprehensive Statement of Advice (The SOA) which will be specifically prepared for you based on your personal and financial situation and your goals and objectives.  If you are considering setting up your SMSF, feel free to get in touch with us. We will be more than happy to offer you a complimentary first meeting to kick start your journey.