Running a SMSF

Choosing to run your own super fund usually means that you’re confident you can deliver better returns than the professionals.

As trustee of your SMSF you must draft an investment strategy, follow special investment rules, and choose investments that will deliver you a retirement benefit when you finish work.

The decision to run your own super fund also depends on how willing you are to get on top of the superannuation laws, and the tax rules and reporting requirements.

If you do have fund choice, and you’re considering a self-managed super fund then you need to start planning: your SMSF must be fully operational before you can change funds.

Below are some of our key Running a SMSF articles:

Set out below are all SuperGuide articles explaining Running a SMSF.

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 pensions: Stick with original tax-free and taxable components

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Q: I recently read your book on DIY Super for Dummies and picked up a number of useful hints. Thanks for writing it. My wife and I have only recently established a SMSF and are on a steep learning curve. We are in the pension phase. Both of us have a large tax-free component and a smaller taxable … [Read more...]

Retirement and tax: What are the minimum pension payment rules?

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Q: I am 63. I want to retire next year but I am not sure if I want to access my super benefits yet. I have heard that when I retire, I must withdraw some super benefits each year, otherwise I won’t receive tax-free super benefits. Can you please clarify the rules for me? A: You question is really … [Read more...]

Is property a good investment for your SMSF?

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Over recent years, I have lost count of the number of times I have been asked whether I think property is a good investment for an SMSF. The question (is property a suitable investment for an SMSF?) is an important one, and the need to ask such a question by readers, associates and even friends … [Read more...]