I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Investment Options

The Advantages of an SMSF

The main advantage, and the reason people engage into self-managed superannuation, is they control all of the investment decisions. If you feel that you can do it better, then you need to take control.

Secondly, there is more scope over what you can invest in. Not only will you learn more about other direct investments that you can make, but you can also make those investments through a self-managed super fund.

If you are in a public super fund, that fund has a trustee. That administrator in turn has a trustee that regulates the entire super fund. It all regulates what they can invest in. So they are not able to invest in many products such as direct property, artwork, and other things that people can invest in if they are the trustee their super fund.

More Scope over What You Can Invest In

You will also have more ability to direct the trustees. You can have a binding nomination on your super fund at the moment. For instance, if you want your death benefit to be paid to a particular person and then make that nomination, that nomination is only valid for three years, and it's relatively restricted on what you can say. You can say on who it's to and what proportion but that's about all of it.

More Ability to Direct Trustees

In any self-managed super fund, you can have a scope in your deed to direct all the benefits in any way you choose. You can even have it in the deed that some of it will you to your spouse, some of it will go to your children and the form that it is paid. So you have more scope in your self-managed super fund as to where the money can go.

It Can Be Cheaper

We all know that we have fees in the superannuation fund that we have now. And those fees can be calculated in many different ways. In a self-managed super fund, you also have fees, but they are more fixed regarding the amount of balance you have. So for a hard balance, it would probably be cheaper for a self-managed fund. For a low balance, it would certainly be more expensive.

They Have a Separate Land-Tax Threshold

If you invest in real estate, you know that once you start owning some properties, you will begin paying land tax on those properties. A self-managed super fund is another land tax entity that is another threshold. This can save more money if you are investing in direct property.

Get a better understanding of SMSF at www.australiansuperfinder.com.au

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