Is a SMSF right for me?

If you were looking for a picture of the typical SMSF person, it may surprise that one does not exist.

“Is a SMSF right for me” I hear you say. SMSF people do not live in the same suburbs or share the same careers or social sets. SMSF people come from all manner of financial backgrounds, financial literacy levels and life experiences. Not one SMSF experience is the same.

SMSF people have one thing in common, they share a common attitude. They want to make the most out of what they have and are prepared to take an active interest in building their financial security. They do not necessarily have limitless knowledge in investments but they are no strangers to investing in themselves. They have a determination to succeed in whatever they do and their super is no different. Instead of asking “is a SMSF right for me?” Maybe you would be better off asking “Am I right for an SMSF?” The sections below will help you determine that.

Is a SMSF Right for me: Am I Determined?

When asking “is a SMSF right for me”, your level of determination to understand the Super system and how you can get involved to maximise your investment returns will be a major factor. We can provide you with everything you need to get started, but ultimately it is up to you. To succeed, it is imperative that you take your Super seriously as the main avenue to pay for your retirement and reach financial freedom. Successful SMSF people don’t leave it to chance, they act now to create long term goals.

Is a SMSF Right for me: Have I Considered Fees?

SMSF people understand that fees and charges eat into your retirement nest egg over the years, so they generally look for the best solutions for accounting and other financial services. When you have an SMSF you personally authorise all payments. It’s real money because you are making decisions on an ongoing basis, reviewing, selecting and looking for better ways. You should compare the fees and charges that you are currently paying with all the fees of an SMSF before making a decision.

Is a SMSF Right for me: Am I Willing to Invest?

People may argue that SMSF’s are time consuming. If you choose the right partners, it does not need to be a heavy task. Supervision SMSF is able to alleviate the paperwork hassles and provide you with total transparency, with an online portfolio. Yes you will have to work out how you are going to invest your money, but that is the exciting part. Depending on your skills and abilities, you can pay to outsource the selection of your investments. Whether you are coached or you totally outsource this function is entirely up to you.

Awareness and control also brings some responsibility. If you do not like taking responsibility for your actions, an SMSF may not be right for you.

Before you establish an SMSF for your Super, you should consider carefully what type of person you are. Do you expect to put more effort in to get more out? Or will you be satisfied with leaving your Super in someone else’s hands?

Still saying “is a SMSF right for me”? For more information about SMSF please go to our FAQ’s or Learn Section.

Talk with an SMSF Expert

We can match you with an SMSF Expert who can answer all your questions. Call us on 1300 693 863 or use the button to make an appointment.

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The team at Supervision have always been very approachable and willing to listen to any concerns we may have, and would recommend them to anyone who was thinking of taking a more active interest in their superannuation with the knowledge that help is only a phone call away.
David
We are really pleased we transferred our SMSF to Supervision. Initially it took time for us to adjust to the change but Supervision assisted us all the way and we can't thank you enough. Your fees are extremely reasonable and we would recommend your services to anyone.
Bill
“Having positive conversations with clients is important, so when my clients thank me for recommending Supervision SMSF, it helps me to start the conversation on the right footing.”
Brad
“Supervision SMSF make my previous accountants service look like a horse and cart. I now feel like I’m in the fast lane.”
Dennis
“Every time I talk with Supervision I feel like I get a better understanding of how everything works which enriches my thoughts on Superannuation and makes me more confident.”
Ann
“There is always something happening at Supervision, whether it’s new offerings, portals, electronic signing, they continue to change our perception of what an SMSF accountant can do.”
Wayne
“I have been using Supervision for a long time and their service has been consistently great.”
Jane
"I have found Supervision to be a very professional organisation, they are easy and prompt to deal with and maintain a high standard."
Steve

Disclaimer
All information provided on this website does not take into account any of your investment objectives, financial situation or particular needs and should not be in any way considered as financial advice. SUPERVISION does not provide financial product advice or recommend any financial products or whether you should establish an SMSF. This applies equally to those financial products which are established for any entity or when you become a client of SUPERVISION. We also recommend that you seek professional advice from a financial adviser before making any decision to establish an SMSF or purchase any financial product referred to on this website. Please refer to Important Documents. While the sources for the material are considered reliable, responsibility is not accepted for any inaccuracies, errors or omission.
Supervision SMSF Solutions (ACN 134 666 596) AFSL 435751

Is a SMSF right for me?

If you were looking for a picture of the typical SMSF person, it may surprise that one does not exist.

Is a SMSF Right for me: Am I Determined?

Is a SMSF Right for me: Have I Considered Fees?

Is a SMSF Right for me: Am I Willing to Invest?

Talk with an SMSF Expert

David

Bill

Brad

Dennis

Ann

Wayne

Jane

Steve