Do you prefer to be a little more hands-on
in life? While many people are happy to leave the management of their super to
the professionals, others want to be more involved. You’ve probably heard of
SMSFs but there are other options to allow you to take more control of your
super. Is a self managed super fund the only option for taking control of your
SMSFs typically suit people
who are committed to putting in the time necessary to manage their investments
and meeting their legal and administrative obligations. Some of these
requirements can be outsourced, but there are still costs involved. That’s one
reason why SMSFs tend to suit those with larger balances.
Now, super funds are
increasingly offering members the option to take more control of how their
super is invested, while still keeping the support and protection enjoyed by
APRA-regulated superannuation funds, such as that provided by industry and
Direct investment options,
such as AustralianSuper’s Member Direct, give individuals looking to be more
hands-on with their super the opportunity to choose their own investments. At
the same time, they are still accessing the low fees, insurance cover and
professional investment expertise offered through an industry fund. Unlike an SMSF where the members are trustees, AustralianSuper is the trustee and takes
care of all the legal and administrative requirements for members.
Direct option gives members access to real time trading of shares on the S&P/ASX
300 Index and some exchange traded funds (ETFs), listed investment companies (LICs), as well as a selection of term
deposits and a competitive cash account.
By accessing direct
investment options within an industry super fund, members can control how much
of their retirement savings they want to invest themselves^, while benefiting
from the scale and investment expertise of AustralianSuper, the country’s
largest super fund. The ability of
members to combine their direct investments with the Fund’s professionally
managed options, means they can access financial opportunities that might be
difficult to invest in through an SMSF, such as infrastructure.
As with all financial
products, you need to choose the one that suits your individual needs and
circumstances. This is where a professional financial adviser can help.
^ To be eligible to invest
in the Member Direct option, there are minimum balances
to be maintained in your super or retirement income account. See the Member Direct Investment Option Guide for more details.
This is general information which doesn’t take into account
your personal objectives, situation or needs. Before making a decision about
AustralianSuper, think about your financial requirements and refer to the
relevant Product Disclosure Statement and associated Guides at
australiansuper.com. AustralianSuper Pty
Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898