What Is a Self Managed Super Fund (SMSF)? ✔️ Pros and ❌ Cons Included.

Learn all about SMSFs. The good, the bad, the pros and cons. A complete explanation of what an SMSF is, how it works, the costs involved and how it compares to other superannuation funds.

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⏱ Timestamps
00:00 - What is a Self Managed Super Fund?
00:41 - What is a SMSF?
01:20 - Comparing Super Funds
02:22 - SMSF Advisers
02:54 - SMSF Benefits
06:27 - SMSF Disadvantages

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– What Is a Self Managed Super Fund (SMSF)? Pros and Cons Included. --

With a self managed superannuation fund (SMSF), the world is your oyster. A SMSF provides you with unrivaled control over your retirement savings and significantly greater flexibility with your superannuation investments. But, what is a SMSF?

Before setting up a SMSF, it is essential to understand what an SMSF is and how it works, because it’s not all roses. To understand what a SMSF is, you need to first understand how it compares to other types of superannuation funds, such as industry super funds and retail super funds.

Most people like the idea of SMSFs, because it allows you to use your superannuation to purchase investments that aren’t otherwise available through standard super funds. Commonly, people look to set up SMSFs to purchase property; but’ setting up a SMSF can be beneficial for other types of investments, too.

In this video, I’ll explain the different types of super funds, how a SMSF compares, the process involved in setting up a SMSF and what your responsibilities are once you set up a SMSF.

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General advice is provided by Toro Wealth Pty Ltd trading as SuperGuy Retirement Experts as an Authorised Representative of Core Value FA Pty Ltd (AFSL 480387).

Before acting on any information, you should seek professional advice and verify our interpretation/s before relying on the content or calculators within this website or on the videos, while also considering its appropriateness in relation to your personal situation.