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.

SMSFs: Green light for off-market share transfers

Off-market share transfers for SMSFs remain legitimate transactions, and will continue to remain legitimate indefinitely, according to the Liberal/Coalition government.The proposal to ban off-market share transfers was put forward by the former ALP government, but on 14 December 2013, not long … [Read more...]

SMSF: How much does a DIY super fund cost? (updated figures)

Note: Article updated in June 2015, and enhanced with an extra table outlining fees for small and large SMSF account balances. This Q&A includes the latest SMSF cost data released in December 2014 by the ATO, and selected cost data released by ASIC in September 2013. The next SMSF cost update is … [Read more...]

SMSF trustees: Is your fund ready for SuperStream?

If your SMSF receives super contributions from an employer, or employers, on behalf of SMSF members, then you need to ensure that your self-managed super fund is SuperStream-ready.Effective from 1 July 2015, employers with 19 or fewer employees must use the SuperStream standard, although as the … [Read more...]

Super rich tax? Looting SMSF accounts to fix the budget

Note: This article is in response to recent claims that superannuation tax concessions are directed towards the ‘super rich’. If you are concerned about being unfairly targeted by the current tax reform process, ensure you make a submission before Monday 1 June 2015. The relevant links to the tax … [Read more...]