Self Managed Super Funds (SMSFs)
What is an SMSF?
Do-it-yourself super via a Self Managed Super Fund (SMSF) is becoming an increasingly popular choice for people who want to have control of how their superannuation funds are invested. Rather than relying on someone else to make investment decisions (like in a pooled fund) you are responsible and the trustee of your own fund.
Why establish an SMSF?
People set up their own SMSF for control, flexibility and personal investment choice. You get to decide on your fund's investment strategy and choose what your fund invests in and like all super funds the tax rate of an SMSF is 15 percent.
Anne Fulwood talks to Graham O'Brien, ASX
There has been a huge change in the Australian financial landscape over the past decade - and much of this is about one segment of the investment community - the rise of the Self Managed Super Fund segment. Incredibly, more than 750,000 Australian have Self Managed Super – that is an increase of 50% in the past 5 years.
ASX products in SMSFs
- Using ASX products in SMSFs provides a cost effective way to gain exposure to different asset classes.