Is Self Managed Super for You?

Self managed super funds are a great way to save towards your retirement, but they don't suit everybody.

There are many benefits to running your own self managed super fund. You have complete control over the fund and what your super moneys are invested in.  Further, you also have control who is actually in the fund with you. Self managed super funds can also be extremely flexible. Unlike large commercial funds you can customise your fund to your own needs, and should your individual needs change you can quickly adjust the fund's investments to meet your new needs.

However, running your own super fund also means you are responsible for its day to day running, and for ensuring that the fund is complying with all legal requirements. Before starting your own self managed fund, you need to consider if you have the time and skills needed.

The Australian Taxation Office has released a fact sheet entitled Is Self Managed Super Right for You? to help you decide if a self managed super fund would be right for you personally.