Self–managed super funds (or SMSF) are a great way of saving for retirement. Unlike other types of superannuation funds, an SMSF is managed by you (the member) who is often also the trustee of the fund. You manage the fund for your own benefit and you take responsibility for all the decisions and choices as well as complying with taxation laws.

Managing your own super comes with a lot of control: that’s the appealing part. You get to say how your fund will grow, which direction it will take, and what mix of strategies will be employed.

In non SMSFs such as Industry or Retail Superannuation Funds, the control is not in your hands.

SMSFs come with a lot of responsibility and involves your time, effort and dedication. You can however seek support through the services of a Financial Adviser, who will help you understand your investments, strategies, and legal responsibilities.

Sirius Financial Advisers are self-managed superannuation specialists who will provide you with comprehensive advice on:

• Initial setup

• Roll-overs

• Investment options

• Lending

• Administration

There are many you can enjoy through an SMSF:

1. Greater flexibility

2. Direct control of your investments

3. Freedom to choose where you want to invest

4. Utilise tax incentives to grow your super faster

5. Ability to borrow funds and invest in property

6. Allows for flexibility in estate planning

1. How does an SMSF work?

2. Who should consider establishing an SMSF?

3. What are the benefits of an SMSF for me?

4. What can I invest in?

5. What should I invest in?

6. How do I set up an SMSF?

7. How much do I need in my super to start an SMSF?

8. When should I consider setting up an SMSF? What stage of life?

9. What are the legal responsibilities of an SMSF?

10. What is an SMSF Audit?

If you need help with these questions then a Sirius Financial Adviser can help.