SMSF basics

SMSF basics is a plain-English introduction to the world of DIY super. You can discover easy-to-understand information and popular questions on how self-managed super funds work, such as: how to set up a SMSF, how to run a SMSF, how much a SMSF costs and handy step-by-step SMSF guides. For information on more detailed aspects of SMSFs check out our main DIY Super section.

Set out below are all SuperGuide articles explaining SMSF basics.

SMSF basics: Can I run two super funds? (2 questions)

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1. Running two DIY super funds Q: My wife is 58 and retired and she has her own self-managed super fund, where she has rolled over her super funds from various employers. She plans to start her SMSF pension soon. After starting her pension, could she also start another SMSF fund? A person can … [Read more...]

SMSF basics: Can my DIY super fund buy my residential investment property?

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Q: I own a unit as an investment property. I would like to keep this unit as long as possible. The unit is a safe income stream and a safe haven against market uncertainty. However, if I have to sell it later, I won’t be able to put the money into my SMSF because of the work test (as it is virtually … [Read more...]

Do you fit the profile of a ‘typical’ SMSF trustee?

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Note: We regularly update this article with the latest data on self-managed superannuation funds (SMSFs) issued by the Australian Taxation Office. This article contains the latest data available as at January 2014 (for data up to September 2013). The latest ATO statistics on SMSFs (representing … [Read more...]

SMSF investment: Three most popular asset classes, and the rest

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Note: We regularly update this article with the latest data on self-managed superannuation funds (SMSFs) released by the Australian Taxation Office. This article contains the latest data available up to January 2014 (for data as at September 2013). Each quarter the ATO releases self-managed super … [Read more...]

SMSF confidential: the inside story on DIY super funds

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Note: The ATO publishes an annual report about SMSFs for each financial year. This article covers the ATO’s 2011-2012 statistical review of SMSFs (released in December 2013). This report also contains data for the 2012-2013 year. The annual report for the 2012-2013 year will be available in early … [Read more...]

SMSFs surge towards 520,000 controlling $520B in assets

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Note: We regularly update this article with the latest data on superannuation funds issued by the Australian Prudential Regulation Authority (APRA). This article contains the latest statistics available, as of January 2014 (for data as at September 2013). More than half a million self-managed … [Read more...]

SMSFs outperform large funds 4 years out of 6

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Note: The ATO publishes an annual report about SMSFs for each financial year. This article covers the latest SMSF performance data available from the ATO, as at January 2014. The ATO will provide updated performance data (for year ending 30 June 2013) in early 2015. A common argument put forward … [Read more...]