The rules governing SMSF’s are virtually the same for all Superannuation. Whilst we can’t stress enough that you understand what your roles and responsibilities are when considering establishing and running a self managed super fund, the role of Supervision SMSF is to take out the guess work and guide you to meet your ongoing administration and regulatory obligations. With Supervision taking care of your daily administration and compliance obligations, running a SMSF is not difficult.
The other serious matter in running a SMSF is whether you intend to spend hours upon hours researching investments and implementing sophisticated strategies or outsourcing the investment decisions to a professional adviser and taking a more passive role.
Some people enjoy taking the time and have the skills to make excellent investment decisions whilst others hate the idea of spending their valuable time on an area that they quite frankly prefer not doing or do not have the skills to perform. Either way, running a SMSF can provide the ideal structure to an active or passive approach to investing.