Setting up a SMSF

Running a self-managed super fund (SMSF) gives you control over where your super money is invested, and access to a greater choice of investments compared to managed super funds, such as retail or industry funds.

As a SMSF trustee, you can invest in direct property, artwork and virtually any valuable asset. You can even purchase business property, such as an office, and use the property in your business.

Before you get too excited about the positives of running a SMSF, you need to ask yourself three key questions: Are you into commitment? Are you familiar with investing? Do you have lots of money, that is superannuation money?

Below are some of our key articles on Setting up a SMSF:

Set out below are all SuperGuide articles explaining Setting up a SMSF.

SMSF investment: Can my DIY super fund invest in direct property?

Q: I am interested in setting up a self-managed fund. I would like to know more about the rules for purchasing property in a super fund, and whether it is possible to use borrowings to do so.A: A self-managed (DIY) super fund can invest in all types of property, including residential, … [Read more...]

SMSF basics: To DIY or not to DIY?

Q: Six months ago, my wife and I started a self-managed super fund. We pay a flat fee to have it administered on our behalf. All the assets in the fund at this stage are my rollovers. I am also in the PSS (a public sector fund) and my wife has a small amount in an industry fund, where she … [Read more...]

SMSF basics: Joining the DIY super club

Note: This article contains the latest statistics available as at April 2016 (for statistics up to December 2015). We update this article with the latest statistics every 6 months or so.Australia’s DIY super fund sector has emerged as the most financially powerful sector in the superannuation … [Read more...]

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

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 March 2016 (for data up to December 2015).The latest ATO statistics on SMSFs (representing SMSF … [Read more...]

SMSFs surge towards 570,000 controlling $600B in assets

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 March 2016 (for data as at December 2015).Close to 600,000 self-managed super funds … [Read more...]

SMSFs outperform large funds over 8 years, just

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 2016. The ATO will provide updated performance data (for year ending 30 June 2015) in late 2016.A common argument put forward … [Read more...]

Oops! Top 10 SMSF boo-boos for 2015 financial year

Note: Every year, the ATO publishes the top compliance mistakes made by SMSF trustees. This article contains data up to 30 June 2015 (latest available as at January 2016). The next update, for compliance data up to 30 June 2016, will be available in late 2016.The ATO has published the top 10 … [Read more...]

SMSF confidential: the inside story on DIY super funds

Note: The ATO publishes an annual report about SMSFs for each financial year. This article covers the ATO’s 2013-2014 statistical review of SMSFs (released in December 2015). This report also contains data for the 2014-2015 year. The annual report for the 2014-2015 year will be available in late … [Read more...]

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

Note: Article updated in January 2016, and includes an extra table outlining fees for small and large SMSF account balances. This article includes the latest SMSF cost data released in December 2015 by the ATO, and selected cost data released by ASIC in September 2013. The next SMSF cost update is … [Read more...]

Are SMSF audits too expensive?

Note: Every year, the ATO publishes the average audit fees incurred by SMSFs. This article contains data for financial year ending 30 June 2014 (latest available as at January 2016). We have retained all comments from earlier versions of article. The next update, for compliance data up to 30 June … [Read more...]