Self Managed Super Funds
A self-managed super fund (SMSF) is a superannuation trust structure that provides benefits to its members in retirement. The difference between SMSFs and other super funds is that SMSF members are also the trustees of the fund.
If you want to start a SMSF with less than $100,000 in superannuation savings, ASIC research found that a $100,000 is only cost-effective if you plan to make larger contributions or transfer super from other funds.
Self-managed superannuation funds with less than $1 million in assets perform worse than institutional funds because investment returns are heavily eroded by the costs of running the fund. So it seems it may not be worth it for most investors.
- Investment choice.
- Tax strategies.
- Consolidate superannuation assets.