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Self Managed Super Fund (SMSF)

A Self Managed Super Fund (SMSF) gives you control over your retirement savings, allowing you to manage your own superannuation. While an SMSF can offer greater flexibility and investment options, it also comes with responsibilities and legal obligations that require careful consideration.

Before starting an SMSF, it’s important to ask yourself if you have the time, knowledge, and skills to manage it effectively. You'll also need to assess whether the benefits of an SMSF, such as increased control, flexibility, and potential tax savings, outweigh the costs and complexity. An SMSF can be a great option for those who want more investment choices, the ability to borrow for larger investments, or who want greater transparency.

Setting up an SMSF involves several steps, from choosing a trustee structure and registering with the ATO, to creating an investment strategy and ensuring ongoing compliance. Working with a professional is essential, as the rules around SMSFs are complex, and penalties for mistakes can be steep.

At Schuh Wealth Advisers, we offer expert guidance on whether an SMSF is right for you, help with set-up and compliance, and provide advice on maximising your fund’s potential, retirement planning, and estate planning considerations. Contact us to see how we can support you in managing your retirement savings.

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For trusted investment and financial planning advice, reach out to our friendly team today. We aim to respond to all enquiries within two business days.