Self Managed Super

Time to take control?

More and more Australians are choosing to manage their retirement savings through a self-managed super fund (SMSF) with more than 400,000 funds now in operation. SMSFs are the fastest growing sector in the superannuation market and represent around one third of all super assets. There are many factors driving this growth:

• A desire by investors for more control over how their super is invested and the type of assets they hold.
• The potential for cost savings when compared to retail super funds.
• Tax advantages due to more discretion about the type of assets held and the timing of acquisition and disposal.
• Estate planning flexibility can provide more certainty about how benefits are passed on to younger generations.
  

SMSFs have 4 or fewer members and are a special category of super fund. Establishing a SMSF requires careful thinking and planning and we recommend using a professional adviser and administrator to steer you through your options.

Benefits of self-managed super funds

• Potentially lower administration and investment management costs than the average retail super fund
• A wider range of investment choices including listed securities, residential and commercial property, unlisted assets, bonds, term deposits, and collectables (provided they are consistent with your investment strategy).
• Access to a level of control not available in regular super funds which allows for more tax-effective decision-making relating to income and capital gains.
• The ability to fund life and disability insurance through your fund in a tax-effective way.
• Seamless integration of retirement income streams.
• The opportunity to transfer listed securities you already own into the fund.
• Estate planning flexibility that may provide tax benefits and more certainty as to how assets are distributed in the event of the death of a fund member.
• User-friendly reporting that consolidates up top four member accounts into one statement.

To learn more please visit our dedicated wealth management advice portal here 

Any advice on this page is of a general nature and does not take into account your personal objectives, financial situation or needs. Accordingly you should consider how appropriate the advice is to those objectives, financial situation and needs before acting on the advice and, before acquiring any financial product, you should read the relevant product disclosure statement. Financial advisory services relating to superannuation, retirement planning, personal insurance, and investment are provided by Pacific Advisory Wealth Management Pty Ltd ABN 83 131 918 342, an Authorised Representative of Hillross Financial Services Limited ABN 77 003 323 055 (AFSL 232705). Mortgage Solutions and finance broking activities are provided by Pacific Advisory Lending Pty Ltd ABN 34 136 841 702. Contractor Management and Business Consulting services are provided by Pacific Advisory Consulting Pty Ltd ABN 97 133 025 653.