DIY SUPER FUNDS

As per ATO statistics, 30% of the money used to fund retirement pensions is not invested in large industry or retail super funds but is held by ordinary investors through SMSFs.  These SMSFs hold investments of some $700 billion as at 30 June 2017.

There were 597,000 SMSFs holding $697 billion in assets, with more than 1.1 million SMSF members as at 30 June 2017.

Managing your superfund is not for everybody as it requires you to devote time to researching where you can invest to achieve the best performance with your money.  Although SMSF are often managed by people who are not trained, the ATO has reported that the performance of retail funds, even with their professional managers, barely matches the performance of self managed funds.

Whilst you have much more control over where your money is invested, managing your SMSF can require expertise & time and here is where a trusted adviser can help you to minimise the risk and help you avoid costly errors. Partnering with Australian Accountants in the creation and maintenance of your SMSF; allow you to;

We handle all accounts for SMSF; whether sophisticated or simple, our firm can provide the solution and ensure your accounts are completed ready for audit.

Contact us to get started on planning your DIY super today, call us on 02 9415 1118.