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

What Can You Invest with SMSF?

Under the legislation, you can invest adequately for retirement purposes. Investment can't be for today. The investment must be solely for retirement purposes. They have to provide you with a benefit for your retirement.

Invest for Retirement

Trustees are also advised to take a common sense approach. Invest in something you want to invest in, in something you care about. You have to question the purpose and the reason for investing in the fund. If you need to know that you are investing for the future, and for your retirement.

Invest in Direct Investments

The experts suggest that you primarily invest in direct investments from a cost point of view. It's difficult to provide advice on whether a direct investment is either better or worse than managed investment, so it is not about whether you are making more money or less money out of investments, but it has been explained that if you have a self-managed super fund, and you invest that money primarily in managed funds, then you can just go to a retail or super fund and do the same thing. You'd probably pay less money that way.

If that is you a way of thinking, you may need to question the reasons for selling up a self-managed super fund. So when you're investing in direct investments, you are not talking about property, you are not talking about direct shares. There are no managed fees on direct shares.

Some "In-House" Assets Allowed

In-house assets are described as an investment where the super fund is effectively investing in the trustees and members in some form or another. A classic example of an In-house investment from a super fund is where a fund lends money to the employer of the members who would traditionally be another company.

Up to 5% of the value of the assets of the fund can be invested in In-house assets but be very careful in doing that because if you accidentally go over that 5%, then you have bridged regulations and you have a management plan to get rid of that asset. If that asset is something you need in your business, you then have to sell it. This is something you need to ask advice on before actually investing in.

For more inquiries on SMSF investments, visit our site at www.australiansuperfinder.com.au

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