What is a SMSF?

A self managed super fund (SMSF) is a type of superannuation scheme that is set up to provide retirement income for the members of that fund.

An SMSF is a trust where the beneficiaries are also the members. An SMSF must pass the ‘sole purpose’ test, that is, it exists for the sole purpose of providing retirement funding.

An SMSF can have a maximum of four members. In reality, most self managed super funds are set up by a couple.

Why are SMSF’s so popular?

SMSFs have grown exponentially in popularity since the GFC and now constitute the largest single type of superannuation. This type of super offers the most control and flexibility.

Some Common Questions...
What are the advantages of an SMSF?
Flexibility, better returns, continuity, etc

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What are the differences between and individual and corporate trustee?
Flexibility and continuity...

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Setting Up an SMSF
There is a lot to do, but we can help...

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I already have an SMSF - What next?
Creating the structure is the easy bit. Now how should I/we invest?

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With a self managed super fund, YOU are in charge of YOUR investments.

With that also come significant responsibilities. As a trustee or director the onus is on you to stay on the right side of the law, to invest appropriately and to keep all super assets separate from your personal assets. You can find a lot of detailed information on the ATO website.

The good news is that administration can be outsourced to specialist practitioners such as Clime Super, who will take on the administrative burden for a lot less than a typical high-street accountant.

Find out about our FREE Self Managed Super Fund Setup or Restructure offer

Clime Private Wealth Pty Limited | ABN 87 617 235 168 Is a Corporate Authorised Representative | CAR 001263076 of Clime Asset Management Pty Limited | AFSL 221146

The information provided on this webpage and the rest of clime.com.au is intended for general use only. The information presented does not take into account the investment objectives, financial situation and advisory needs of any particular person nor does the information provided constitute investment advice. Under no circumstances should investments be based solely on the information herein. Please consider our Information Memorandum, Product Disclosure Statement and Financial Services Guide before investing in one of our products. Past performance is no guarantee of future returns.
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