Is running your own superannuation fund right for you?

According to the Australian Taxation Office there are close to 600,000 Self Managed Superannuation Funds in operation, and they now represent the largest and fastest growing sector representing 594.6 billion of the $2 trillion or so invested via Australian superannuation funds.* This means close to a third of all superannuation money is held in a DIY fund.*

Despite their popularity, an SMSF does not guarantee a better result. They take a great deal of care, responsibility and maintenance to be sure they remain compliant with ever changing superannuation rules. Due to these complications, an SMSF is not suitable to every Australian, irrespective of whether you have a large superannuation balance or not. 

However for the individual or family who do understand the responsibility, have a sufficient enough balance, don't mind the increase in administration and have access to a good accountant and adviser, they can have a great impact in reducing overall costs and allowing a portfolio to be truly customised to the members preferences.

AT TB Wealth Solutions we have been managing SMSF structures and portfolios for over 15 years. We can assist you in providing solutions to make the running of your fund easier. 

Like to find out if an SMSF is right for you?

* SuperGuide report dated 01/03/2016 from APRA stats at 31/12/2015.

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