Self Managed Superannuation

ďResults Financial Services specialise in the establishment and administration of Self Managed Superannuation Funds. Our advisers are all accredited to advise as to the suitability of, and if applicable, the establishment of a SMSF for you.Ē


Do-it-yourself super via a self managed super fund (SMSF) is becoming an increasingly popular choice for investors who want to have control of how their super is invested.

However, if you are think of leaving your public offer fund to get better returns or other benefits from your own super fund you should discuss your options in detail with your financial adviser. Itís important that you know exactly what will be required of you from an SMSF administrative and compliance perspective.

The following discussion may answer some of your questions and highlight responsibilities and obligation specific to SMSFs.


What is an SMSF?


An SMSF is a trust where money or assets are held and managed on behalf of up to four members to provide future retirement benefits. Subject to certain exceptions, all members of an SMSF must be trustees of the fund or directors of the fundís corporate trustee.

The Superannuation Industry (Supervision) Act 1993 and Regulations (SIS) and related legislation govern Australian super funds and the Australian Taxation Office (ATO) is responsible for overseeing the regulation of SMSFs.

Why establish an SMSF?


Three key reasons for establishing your own SMSF are control, flexibility and investment choice. The trustee of your fund (you) decides on your fundís investment strategy and chooses what your fundís assets are invested in. This means your fundís investments can be tailored to suit the specific needs of members before and after retirement. Your fund can also invest in almost anything, including investments typically not available in public super funds, though investments are subject to certain limitations and legal restrictions.

Additionally, like all super funds, an SMSF receives concessional tax treatment. The top tax rate for the investment earnings of your SMSF is 15% - probably well below the top tax rate applicable to your own income. Itís important to note that this tax concession is only available where you operate a Ďcomplying fundí, ie an SMSF that complies with all the rules set out by SIS and the ATO.