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SMSF are the Ferraris of the superannuation world and are the fastest growing area of superannuation funds in Australia. The market share of a SMSF is approximately 29% which is in excess of $578 billion^.

SMSF are becoming more popular due to the freedom they provide including the ability to borrow money, buy art work and invest in direct property.

The key benefits can be:

  • Greater control – you decide where your money goes and at what point in time.
  • Greater investment choice – for example direct property.
  • Economies of scale – for example the bigger your SMSF fund the lower fees.
  • Can have up to four members – for example husband and wife.
  • Leverage – can borrow money to invest.

The negatives can be:

  • Higher fees.
  • Increased compliance burden.
  • Potentially more time and effort required.

^ASFA – The Voice of Super – Superannuation Statistics December 2015

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