SMSF or direct investment option?

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 super?

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 retail funds.

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.

AustralianSuper’s Member 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

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