Self Managed Super

Self Managed Super Funds

It’s no coincidence that interest in self managed superannuation has skyrocketed since the global financial crisis (GFC). The loss of investor confidence in superannuation fund managers combined with the lure of controlling your own financial destiny has seen an explosion in the number of Self Managed Super Funds (SMSF) in this country.

With almost $408 billion under management, SMSF’s are now the largest and fastest growing segment of Australia’s $1.28 trillion superannuation industry. That figure is triple what it was just five years ago and as at September 2010, there were about 434,000 SMSF’S funds with more than 830,000 members. This means that less than 3% of the 32 million superannuation accounts are in a SMSF but they own almost a third (31.9%) of all the assets. A recent survey suggests the average balance in a SMSF is much larger than mainstream accounts at nearly $488,000 each.

What Is A SMSF?

A self managed superannuation fund is a do-it-yourself superannuation fund of 1 to 4 members where each member acts as a trustee of the fund. Single member funds require two individuals as trustees or a single Company as a corporate trustee. Your SMSF must have its own bank account and a trust deed. The deed is basically the rules of operation of the fund and sets out who can be a member, how they’re admitted as a member, what the fund can invest in and who can receive a death benefit. An SMSF requires an annual audit plus they need to lodge an annual tax return with the Australian Taxation Office (ATO). It is therefore vital that your AFS licenced financial planner discusses the ongoing fees and you understand your legal obligations before you make a decision to establish a SMSF.

SMSF Newlsetter

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Title Date Submitted Submitted By
SMSF Newsletter - November 2018 30-November-2018 1:46 pm Justin Nancarrow
SMSF Newsletter - June 2018 19-June-2018 1:18 pm Justin Nancarrow
SMSF Newsletter - March 2018 26-March-2018 2:43 pm Justin Nancarrow
SMSF Newsletter - November 2017 30-November-2017 1:47 pm Justin Nancarrow
SMSF Newsletter - October 2017 30-October-2017 11:33 am Justin Nancarrow
SMSF Newsletter - July 2017 4-July-2017 9:25 am Justin Nancarrow
SMSF Newsletter - February 2017 16-February-2017 11:36 am Justin Nancarrow
SMSF Newsletter - July 2016 16-February-2017 11:35 am Justin Nancarrow
SMSF Newsletter - April 2016 5-May-2016 12:03 pm Justin Nancarrow
SMSF Newsletter - February 2016 17-February-2016 11:56 am Justin Nancarrow
SMSF Newsletter - November 2015 12-November-2015 12:47 pm Justin Nancarrow
SMSF Newsletter - October 2015 12-November-2015 12:47 pm Justin Nancarrow
SMSF Newsletter - June 2015 15-June-2015 12:58 pm Justin Nancarrow
SMSF Newsletter - March 2015 19-March-2015 1:52 pm Justin Nancarrow
SMSF Newsletter - February 2015 25-February-2015 11:37 am Justin Nancarrow
SMSF Newsletter - November 2014 11-November-2014 2:27 pm Justin Nancarrow
SMSF Newsletter - October 2014 27-October-2014 2:56 pm Justin Nancarrow
SMSF Newsletter - September 2014 25-September-2014 11:16 am Justin Nancarrow
SMSF Newsletter - July 2014 11-August-2014 2:35 pm Justin Nancarrow
SMSF Newsletter - June 2014 11-June-2014 11:23 am Justin Nancarrow
SMSF Newsletter - April 2014 11-June-2014 11:22 am Justin Nancarrow