SMSFs are now firmly embedded in Australia’s superannuation system, so what type of people are attracted to running their own funds?
SMSF statistics: 1.1 million members with $676bn in super
The number of SMSFs in Australia has continued to rise in recent years, along with average individual member and overall fund balances. The majority of SMSFs have been operating for more than ten years and have corporate trustees, with this structure becoming very popular since 2015.
What is a self-managed super fund (SMSF)?
An SMSF is a private super fund you manage yourself, giving you more control over how your retirement savings are invested. We look at how they work and some of the benefits and drawbacks of going it alone.
How to set up an SMSF correctly
Having your own SMSF can be a rewarding experience, provided your fund is set up correctly from the get-go. Here are the nine steps required to get your SMSF up and running.
Is your SMSF ready for SuperStream?
As the October deadline looms, SMSFs need to ensure they are ready and able to take rollovers via SuperStream.
How much super do you need to set up an SMSF?
SMSFs can cost a bit to set up, but the latest research shows they quickly become cost effective to run.
Video: Pros and cons of SMSFs
Tracey Spicer talks to Deborah Kent from Integra Financial Services about the pros and cons of SMSFs, and how ethical investing is becoming more popular.
How to evaluate whether an SMSF is right for you
It may seem like everyone who’s anyone has a self-managed super fund (SMSF), if some financial advisers and property spruikers are to be believed. Yet the reality is that just 4% of Australians have one.
What are the key differences between SMSFs and public offer funds?
Self-managed super funds are still growing both in number and in assets. Yet, despite the popularity, the average trustee of an SMSF has only a vague understanding of the difference between those funds and public offer funds, which include retail funds and industry funds. Here, Noel Whittaker clarifies the differences.
