Most everyday families are content with an industry or retail fund where the majority of the work is taken care of by a professional fund manager. But for those who want more control over their superannuation investments, a self-managed super fund may be the right solution.

A self-managed super fund, also known as an SMSF, gives you greater control over exactly which investment options your super fund is utilising when compared to retail or industry funds.

The trade-off:

If you have an SMSF, you will need to be vigilant and actively involved with your fund in every investment decision. There are also significant costs – such as compliance, accounting, and planning – associated with setting up and running an SMSF. This means they are usually only suitable for those with large balances, which can ensure the investment growth exceeds the related costs.

Despite self-managed being in the name, an SMSF is not something that should be attempted without professional guidance to support you. 

An SMSF is best suited for those:

• With over $200,000 in their current super fund
• Who wants to use their super to invest in property
• In possession of a clear plan for how to best manage their SMSF
• With a firm grasp of investment knowledge
• Who has the help of a team of expert financial advisors to guide them

Because of the costs associated with this type of fund, the help of a professional advisor has never been more important.

If you’re thinking of setting up a self-managed super fund or are seeking advice on how to better manage an established fund, our expert SMSF advisors are here to help.

We will be your go-to source of guidance when it comes to deciding whether an SMSF is the right option for you. We will also help you set a clear plan for managing your SMSF that will ensure you are building a portfolio that will grow and protect your financial security into the future.

Don’t take setting up your SMSF lightly – with the wrong investments, you could seriously set yourself back. Don’t let a lack of professional guidance endanger your financial future.

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Setting up your SMSF? We can help.

Taking control of your super through a self-managed superannuation fund can be an exciting time.

An SMSF also comes with a number of administrative and compliance-related obligations you’ll have to navigate. By becoming a part of the My Wealth Solutions community, you gain access to a dedicated team of SMSF experts at your fingertips.  So you won’t have to figure out the complexities of setting up and managing your SMSF on your own!

Your team of expert advisors can help by:

• Answering any and all questions you may have
• Clearly explaining the costs and obligations that come with having an SMSF
• Helping you decide whether an SMSF is the right option for you
• Working with you to set up and administrate your SMSF fund
• Reviewing your current super fund
• Making sure that you will have enough super for retirement
• Helping you choose the right investment strategies for your unique financial situation

We will make the process as stress-free as possible, and it’s managed by a  specialist administrator, who will make sure you’re getting the most out of your super fund while meeting all your obligations.

You should always see a financial advisor before choosing to set up an SMSF. At My Wealth Solutions, we take a holistic view that considers every aspect of your financial world. That means we’re uniquely positioned to advise you on whether an SMSF is right for you and your unique situation.

To get started, simply click the button below to request a no-obligation consultation.

Get In Touch With An SMSF Advisor