Since the stock market crash of 2008 (global financial crisis) we have seen a fundamental switch away from the standard offering of super funds to Self-Managed Super funds (SMSF). This is due to investors seeing the need to be more diversified than just the standard pie chart of fund managers that the standard super funds are offering. At a similar time the Australian Tax Office introduced a fundamental change to superannuation and for the first time allowed borrowing to be held through super. This allowed the ability a SMSF to diversify it’s assets based further via the purchase of direct property.
Self-Managed Superannuation Funds (SMSF) are the largest growing superannuation sector in Australia. A SMSF enables members to have greater control and flexibility over superannuation investments and strategies. A SMSF will also provide access to a broader range of assets including direct ASX listed shares, residential and commercial property, cash deposit and collectibles. It is important to understand that running your own fund can be complex and there is a range of important considerations to be made before establishing an SMSF.
The simple answer is just about anyone. This includes