Do you prefer to be a little more hands-on when it comes to your
finances? 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 self-managed super funds or SMSFs but there are
other options to allow you to take more control of your super. Discover more about the super choices for your needs.
Direct investment options, such as AustralianSuper’s Member Direct option, gives individuals looking to be more hands-on with their super the
opportunity to choose their own investments. Unlike an SMSF where the members are
trustees, AustralianSuper is the trustee and takes care of all the legal and
administrative requirements for members. At the same time, they are still part of an industry fund that is focused on providing meaningful value for members and helping them achieve their best financial position in retirement.
Member Direct 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
With a direct investment option such as
Member Direct, members can choose how much of their retirement savings they
want to directly manage themselves, within certain limits1. The ability of
members to combine their direct investments with the Fund’s professionally
managed options means they can access investment opportunities such as
infrastructure and private equity which may not be easily accessible for retail
of super direct investment options
- Provides greater control and
choice of investment decisions
- Access to real-time trading,
extensive market information, independent research and investment tools
- No set-up costs
drawbacks of direct investment options
- Increased investment involvement
- Decision-making responsibility
- Additional investment fees and
Managed Super Fund
Self-Managed Super Funds (SMSFs) can be established by an individual or family (up to 6 members) as a means of looking after their own super savings. All members of an SMSF must be trustees or directors of the corporate trustee2, and are responsible for investment decisions and compliance with super and tax law. The day-to-day management of these duties can be outsourced, but there are still running costs involved. While these duties can be outsourced, the responsibilities still sit with the members (as trustees or directors), so professional advice is very important. That’s why SMSFs tend to suit those with larger balances.
SMSFs can be complex. It is recommended anyone considering an SMSF
seek professional financial advice, legal advice and taxation advice.
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. Connect with a financial adviser today3.
1. When investing in the Member Direct option, minimum account
balances apply, and minimum amounts must also be invested in AustralianSuper’s
other investment options. See the Member Direct Investment Option guide for
2. Find out more at ato.gov.au
3. Personal financial product advice is provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd. Fees may apply.
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