Self Managed Super Funds

Self-managed super funds (SMSFs) are now the largest and fastest growing segment of the super industry.

Is an SMSF right for me?

The sole purpose of an SMSF is building savings for your retirement. If you are looking for greater control or flexibility of your superannuation investment, a SMSF may be right for you.

How much do I need to start an SMSF?

Cost effectiveness and investment diversification are key to a successful SMSF. Generally around $200,000 is the recommended amount to set up an SMSF.

What will an SMSF cost?

Costs are associated with the set up and the ongoing management. An SMSF can be the sum of funds of a maximum of four members, and the costs associated of a SMSF will reduce as the fund balance increases.

What is involved in setting up an SMSF?

According to the ATO, there are four key steps in setting up an SMSF:

  • Establish the trust
  • Elect to be a regulated fund, obtain a Tax File Number and an ABN
  • Prepare an Investment Strategy
  • Open a Bank Account

Blue Lantern can help in the set up process and assist with the investment strategy for your fund.

How do I manage a SMSF?

As the trustee, you have direct control over your investment decisions. You will have the responsibility for the administration, management and investment of your super fund. There are many rules and regulations for the accounting, compliance and administration that govern super that are designed to protect your retirement savings.

Get Expert Advice

Specialist Self Managed Super Fund accounting, advice and administration services can help with your investment strategy, as well as your compliance and regulation responsibilities.