Financial Foundations

SMSF (DIY Super)

SMSF (DIY super)

Like other superannuation funds, self-managed super funds (SMSFs) are a way of accumulating wealth for your retirement. The difference between a SMSF and other types of funds is that generally the members of a SMSF are also the trustees (or a director of a company that is a trustee). This means the members of the SMSF run it (increased flexibility and control over their superannuation benefits) and it is their responsibility to manage the fund according to its trust deed and the legislation that applies to SMSFs.

Seeking financial advice will ensure that we can work through the pros and cons of a SMSF for your situation and the decision making process required before deciding to set one up. A SMSF is a major financial decision and you need to have the time and skills to successfully do it. We can assess all the options available and offer you independent and clear SMSF advice to ensure you make a decision that is best suited to your needs.