Accurate, personal & practical Super Fund advice is now at your fingertips
A straightforward 3 stage Q&A approach delivers all the answers you'll ever need.
Need fast & reliable expert SMSF advice?
Whenever you’re concerned or have questions about what you can or can’t do with your super fund.
Simply Ask Your Question
Your question will be reviewed and responded to confidentially by a certified superannuation expert.
Receive Your Prompt & Dependable Answer
Your SMSF Advice Hub replies and opinions are GUARANTEED* to help keep your super fund secure and compliant.
Recently Answered Questions
Can my family trust distribute income into my SMSF?
Is the cost to setup my super fund a tax deduction?
Is my fund compliant if I make my June pension payment late (eg on 2 July)?
I started my Transition to Retirement Pension (TTR) on 16 AUgust 2015, how much am I allowed to take out this year?
I want my SMSF to buy my son's shares from him so he can buy a house. Is this possible?
Can I chose any SMSF auditor for my fund?
Can I buy some more cattle for my farm using my SMSF?
I want my aunt to join my fund, can she?
I am thinking of buying paintings through my SMSF, some said there are new rules?
How to Set Up a Super Fund
Super Fund Contribution Rules
Investing Super Fund Money Without Breaking The Rules
Super Fund Tax Rules
Recent Super News
Ensure Your Super Guarantee Payments Are Compliant
March 23, 2016
SMSF Advice via Email
Is it the right time to choose Self-Managed Superannuation?
Traditionally most people have invested their Superannuation in either Retail or Industry Super Funds into which their employers contributed a percentage of their salary. Your superannuation nest egg was effectively then left in the hands of your employer’s selected super fund’s managers, who made all the investment decisions on your behalf. This situation no longer prevails as well over a million Australians have chosen to leave their traditional Retail or Industry Funds, and opted to take control of their own savings and investments in their own Self-Managed Superannuation Fund (SMSF).
There are many reasons for this departure and why traditional superannuation management is perceived by a growing number of Australians as inappropriate for their needs. The most evident are dissatisfaction with their super fund’s performance, the lack of meaningful control traditional Retail or Industry Funds provide over one’s accumulated and significant personal savings or the ever increasing fund management and administration overheads.
Establishing you own SMSF allows you to take over responsibility for where and how your savings are invested, plus as Self-Managed Super is more cost effective you can significantly reduce admin and management fees associated with operating traditional accumulation and pension accounts, charges that would have continually eroded your funds year in & year out. A SMSF provides additional scope to optimise and vary your investment portfolio, an attribute that can also deliver attractive long-term tax benefits too.
When the advantages of a SMSF begin to outweigh the convenience of permitting an anonymous fund manager to invest and administer your superannuation it is time to take advice from an SMSF expert. Seek out an advisor who is qualified and licensed to provide financial advice and recommend whether a SMSF is an appropriate investment option for your particular objectives, financial situation, andhow a SMSF should be best structured to achieve you particular needs.
As your SMSF’s trustees your primary responsibility will be to ensure you invest your fund’s money appropriately, you will be ultimately responsible for fulfilling your fund’s legal and compliance obligations, including the fund’s annual tax return. Compliance with your fund’s obligations and keeping abreast of the ever changing taxation legislation mandates a level of expertise and a commitment in time that most individuals simply do not possess. This is where your subscription to the SMSF Advice Hub becomes invaluable.
The SMSF Advice Hub is your direct on-line channel to expert local advice covering your SMSF’s entire operations from maintaining compliant records to making investment decisions that optimise your tax advantages and minimise the risks that an inexperienced Self-Managed Fund’s trustee cannot afford to ignore.
If you are considering a self-managed fund your subscription to the SMSF Advice Hub should begin well in advance of your final decision. As here you will discover not only the questions you should ask of your financial adviser and/or accountant, you can also gain access to the SMSF Advice Hub’s resources that will provide answers to many of the important issues that require your consideration.
For the more experienced SMSF trustees, either a Sapphire or Diamond Advice Hub subscription will prove your most cost effective advantage, and a sure-fire way to maximise your investments’ value and accumulate towards an independent retirement.
There is no time like the present, to receive more information on SMSF Advice Hub options, or ask any general questions about the services you can access. Simply request assistance via the SMSF Contact Form, or commence your first 12 month subscription today.