Setting up an SMSF?

Setting up an SMSF? Here’s what to consider

Even before you ask how to set up a self managed super fund (SMSF), it’s more important to work out if an SMSF is right for you. Because it may not be right for everyone.

Of course, an SMSF could be the right structure, if you’re looking for more control and flexibility over your future savings. But before you set one up, you’d be well advised to find out how much work is involved and the level of expertise it takes to make your SMSF a success.

What you need to know before setting up an SMSF

Watch this video, where our Head of Advice Nerida Cole shares her thoughts on:

  • why SMSFs have been growing in popularity
  • how much work is involved to set up and manage an SMSF
  • your responsibilities as a trustee if you want to stay out of trouble with the ATO
  • some of the risks involved in maintaining your SMSF
  • what support is available if you want to outsource some of the work
  • who could consider setting up an SMSF
  • and our view on what the future looks like for SMSFs in Australia.

Here’s what you need to consider before you set up an SMSF (10-minute video with Nerida Cole).*

*This video was first published by an unrelated third party and not Dixon Advisory & Superannuation Services Limited. This video may contain general financial advice and was prepared without taking into account your objectives, financial situation or needs. Before acting on any advice, you should consider whether the advice is appropriate to you. Seeking professional personal advice is always highly recommended. Any forward looking statements are based on current expectations at the time of writing. No assurance can be given that such expectations will prove to be correct.

Where the video refers to a particular financial product, an investment in the financial product is subject to various risks and you should obtain a copy of the relevant product disclosure statement or offer document before making any decision in relation to the product. Past performance is not an indicator of future performance.

Have you considered an SMSF support service as a better alternative to DIY?

An SMSF doesn’t have to be DIY. By partnering with Dixon Advisory, we can help relieve some of the burden of managing an SMSF on your own.

Here are some of the reasons to consider partnering with us:

  1. You have options
    We’ll be honest with you. We can help you work out whether an SMSF is the right structure to help grow and protect your wealth, or whether your savings are better suited to another super fund.
  2. Tailor your fund
    We help you set up your SMSF in a way that suits you – our expert advisors will help ensure your SMSF’s structure and investments are tailored to your lifestyle goals. 
  3. Be guided by our leading experts
    You’re not alone in your decision-making. Not only can you exclusively access the expertise of our esteemed Investment Committee, but you have access to a team of investment and financial specialists who are currently helping more than 8,000 SMSF members to manage their wealth.
  4. Have piece of mind
    We’ve got your back. It’s not always easy to stay on top of market shifts and legislative changes. While you’re still responsible for your SMSF, our team will make sure you’re kept up to date with the latest developments and opportunities. It’s part of our proactive support service, which means it’s more likely that you’ll be able to relax and trust us to help you look after your fund. 

If you would like to explore your options further, why not meet with one of our directors to discuss how we can help you reach your financial goals? 

Discover if self managed super is right for you

Find out how we can help you achieve your retirement goals by talking to one of our SMSF directors.