SELF MANAGED SUPER FUNDS
A DIY (Do-It-Yourself) superannuation fund is an individual, family or small business based superannuation fund that consists of less than five members.
Members of these funds are given a higher degree of control over the funds invested.
Comparing DIY superannuation fundsWhen looking at which super fund to go with it is always important to compare the advantages and disadvantages. Below is a table that summarises this for you.
ADVANTAGES
- Control over your investments
- Tax Concessions
- Cost effective
- Estate planning opportunities
- Investment flexibility
- More retirement planning options
DISADVANTAGES
- Cost
- Time consuming
- Riskier
- Compliance
What you can invest in
DIY superannuation fund options can enable you to invest in various investments, which include but are not limited to:
ASX listed securities - Shares
Managed funds
Cash
Fixed interest securities
Securitised assets
Real estate
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