Guide to self-managed superannuation funds

Thinking about self-managed super

Managing your own super is a big responsibility. There are strict rules that govern how you can use a self-managed super fund (SMSF), how you can invest your money and when you can get at it.

Before deciding whether to manage your own super, think about the following:

Consider your options and seek professional advice

If you're not confident you can get a better result from an SMSF, you may be better off with a different type of fund.

Make sure you have enough assets, time and skills

To establish a competitive fund, you need considerable super savings available to invest and be willing to put your own effort into managing the fund. At times, you might need to consult with professionals and advisers, which adds to the cost of managing your fund.

Understand the risks and laws

All financial decisions carry risk, so it's important to think carefully about your investment options to balance the level of risk against the level of financial return. You also need to be sure your super investments are legal.

	For more information, refer to Thinking about self-managed super.
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Sections within Thinking about self-managed super

• Consider your options and seek professional advice
• Make sure you have enough assets, time and skills
• Understand the risks and laws