How does a SMSF work?

A self-managed super fund (SMSF) is a private super fund that you manage yourself. SMSFs are different to industry and retail super funds. When you manage your own super, you put the money you would normally put in a retail or industry super fund into your own SMSF. You choose the investments and the insurance .

What is the benefit of a SMSF?

An SMSF could offer significant benefits in retirement Trustees can potentially access direct shares, high-yielding cash accounts, term deposits, income investments, direct property, unlisted assets, international markets, collectables and more.

What are the disadvantages of SMSF?

The main disadvantages of an SMSF over a retail superannuation fund are: Costs associated with SMSFs. Subject to a case specific analysis, an SMSF may be more expensive than retail funds if the fund holds minimal assets. ... Legal and compliance obligations. ... Expertise and performance.

SMSF – EWM Accountants

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