Chapter 2: Is a self managed super fund right for you?
Self managed super funds (SMSFs) are now the largest and fastest-growing segment of the super industry.
Michael D’Ascenzo, Commissioner of Taxation
A self managed super fund isn’t for everyone, but if you’re looking for greater control, transparency, accountability and flexibility for your super money then it may be the right choice for you.
Many prospective SMSF members are fed up with the low cash returns from their existing super fund, sharemarket volatility and the fact that they have no idea of where their industry or retail super funds are being invested, and no control over their fund’s investment decisions. One large state super fund owned the Cross City Tunnel in Sydney, which ...