DIY super funds
Who are DIY super funds suitable for?
DIY super fund may be appropriate if you:
- Have $300,000 or more to invest in super
- Want more control and flexibility over your super investments
- Have the time and resources to manage your own fund and its investments
What types of DIY super funds are available?
There are two types of DIY super funds, self managed super funds (SMSF) which are regulated by the Australian Taxation Office, and small APRA funds (SAF) regulated by the Australian Prudential Regulatory Authority.
|Self-managed super fund (SMSF)||Small APRA fund (SAF)|
|Suitable if you....|
Things to consider
A DIY super fund can be time consuming and a significant legal responsibility – do you have the time and resources to manage your own fund?
Some investments are not allowable – do you have the knowledge and time to stay up to date with legislation and regulations?
Good financial advice and administration services can help you manage your DIY super fund.