Self-managed super funds

Many Australians take advantage of this alternative retirement savings vehicle. Self-managed super funds give you greater control in the ability to choose your own strategy and investments, and you can enjoy the same tax benefits as you would with superannuation via regular superannuation funds.

Before you decide to set up a self-managed super fund, it’s important to consider a few key issues:

• Self-managed super funds are generally only worth establishing if you have significant assets to invest. If you don’t, there are cheaper options available, such as establishing a regular personal superannuation account.
• The Australian Taxation Office rigorously monitors the administration and record-keeping of self-managed super funds, and there is a lot of paperwork. You can get help with this from professional administration providers.
• All trustees are legally liable for a self-managed super fund.

While a Commonwealth Financial Planner will not set up or manage your self-managed super fund, if you would like to discuss other superannuation options that may be suitable for you, you can use our online booking form to organise an initial, no-obligation consultation with a Commonwealth Financial Planner and start planning for a better life today.

 

• Important information
  This information is of a factual nature only and is not intended to constitute financial product advice. It has been prepared by Commonwealth Financial Planning Limited without considering your individual objectives, financial situation or needs. You should consider its appropriateness in light of your circumstances and consider seeking professional advice relevant to your individual needs before making a decision based on this information. Commonwealth Bank customers who wish to obtain information about retirement planning may do so by contacting a Commonwealth Financial Planner. Commonwealth Financial Planners are Representatives or Authorised Representatives of Commonwealth Financial Planning Limited ABN 65 003 900 169, AFSL 231139, a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.