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DIY SUPER

Is an SMSF right for me?

Self managed superannuation funds (SMSFs) are an increasingly popular option for investors seeking greater control and flexibility of their superannuation. At the same time, you need to consider the wide–ranging reporting requirements and compliance obligations when deciding if an SMSF is right for you.

SMSF set up

While there is no statutory minimum required to set up an SMSF, you generally need a minimum of $200,000 of assets to make it cost effective. However, cost is only one consideration. Your obligations as an SMSF trustee are extensive.

What you need to know

Before deciding whether an SMSF is right for you it pays to consider the key advantages as well as the drawbacks of an SMSF.

Advantages

  • SMSFs provide a greater degree of control and flexibility over your investments, making them suitable for sophisticated investment and retirement strategies
  • Increased estate planning and retirement options
  • Potential for tax efficiencies

Drawbacks

Establishing and maintaining an SMSF involves:

  • Making time to effectively administer the fund and monitor its assets
  • Paying the costs of auditing, supervisory levies and day-to-day administration
  • Taking on the risk of penalties if the fund fails to comply

Count on us

A Count adviser can help you:

  • Decide whether an SMSF is the right choice for you
  • Boost your super using smart super strategies

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Redland, Brisbane


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CBD Wealth Solutions ABN 75 083 804 317 is an Authorised Representative of Count Financial Limited, ABN 19 001 974 625. AFS Licence Number 227232 which is 85% owned by CountPlus Limited ABN 111 26 990 832 (CountPlus) of Level 17, 1 Margaret Street, Sydney 2000 NSW and 15% owned by Count Member Firm Pty Ltd ACN 633 983 490 of Level 17, 1 Margaret Street, Sydney 2000 NSW. CountPlus is listed on the Australian Stock Exchange. Count Member Firm Pty Ltd is owned by Count Member Firm DT Pty Ltd ACN 633 956 073 which holds the assets under a discretionary trust for certain beneficiaries including potentially some corporate authorised representatives of Count Financial Ltd. The information on this web page is not advice and is intended to provide general information only. It does not take into account your individual needs, objectives or personal circumstances.