Do It Yourself
If you’re not happy with your super fund’s performance or fees, maybe it’s time to consider another fund or simply doing it yourself.
Some people prefer control and flexibility over their super, even if it requires more time and effort. That’s why Self Managed Super Funds (SMSFs) are the fastest growing type of superannuation in Australia.
Providing you have enough super, a SMSF can give you the opportunity to invest in property, shares or collectibles. But you need to be careful that you understand the responsibilities involved.
That’s where our licensed financial advisors can help you. First, we can review whether your current super fund balance is sufficient to start an SMSF and highlight some important areas for you to consider. Then we can discuss potential investment strategies within your SMSF to achieve your financial goals. Finally, we coordinate the whole process of setting up your bare trust, corporate trustee and ABN so you can start investing.
Give us some details and we’ll call you
Max and Carly Do It Themselves
One of our clients (let’s call them Max and Carly) were not happy with the performance of their super, especially the limited investment options available.
Having more flexibility and control over what they invested in, and when they invested, was really important. After reviewing the pros and cons and the responsibilities of their own self managed super fund, Max and Carly decided they were ready. Within weeks, they were researching different investment options and found a managed fund ideally suited to their investment criteria.
Key insight
Self managed super funds can be very rewarding providing you’re ready to take on the responsibility for managing your investments. We can make the process easier for you by ensuring your fund is properly set up. Talk to us.
Disclaimer
General Advice Warning:
This material has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this material is General Advice and does not take into account any individual investment objectives, financial situation or needs. Before making an investment decision based on this advice you should consider whether it is appropriate to your particular circumstances. Hypothetical scenarios are based on assumptions and are not guarantee of any outcome in the future. Where the General Advice relates to the acquisition or possible acquisition of a financial product, you should obtain a Product Disclosure Statement (“PDS”) relating to the product and consider the PDS before making any decision about whether to acquire the product.
Better Path Financial Planning Pty Ltd is a Corporate Authorised Representative (No. 001265505) of IPraxis Pty Ltd (ABN 39 114 365 007), which is the owner of Australian Financial Service License No: 329337.
Other Advice Warning:
Before acting on any of the information presented here, please seek professional financial advice.