Some people think of Superannuation as some far off mythical pile of money that you need to start thinking about just before you retire but the Global Financial Crisis taught us that Superannuation is real money, its your savings, there for your benefit, that you need to take control over as soon as your start working and you and/or your employer start to make superannuation contributions. Whilst retail, corporate and industry super funds have evolved over the years they still don’t afford the control and flexibility that a Self-Managed or DIY Super Fund offers (i.e they limit what you can invest in and limit what insurance policies you can use).

However, there are extra responsibilities when running your own fund as you will be the trustee of your own super fund investments and will have not only control but also the responsibility to invest the money for your retirement and to make sure the fund is run in a compliant manner. Whilst you can build your own investment portfolio or use the services of a financial planner or stockbroker we will be able to assist you with the administration, tax and audit of your fund. We will ensure that the fund is run in a compliant manner (often we work with your adviser and/or broker) so that you can concentrate on the ‘fun’ stuff of looking after your investments.

Here are a couple of links to the ASIC “Money Smart” website which we recommend you have a look at. They are a good source of information on superannuation and self-managed super funds:

1. What is Superannuation?

https://www.moneysmart.gov.au/tools-and-resources/publications/factsheet-what-is-superannuation

2. Self-Managed Super Funds

https://www.moneysmart.gov.au/superannuation-and-retirement/self-managed-super-fund-smsf

We would be more than happy to discuss this with you. You can call us on 1300 881 685 or email us at enquiries@eaglesuper.com.au