May 2016 A comparison of your SMSF investment return against retail and industry funds will answer the question “Would I have achieved a different outcome if I had invested a different way?” But it won’t answer the question “Given how I invested, did I get the return I was entitled to?” SMSFs tend to invest…
What do I benchmark against?
May 2016 If you compare the investment performance of your Self-Managed Super Fund (SMSF) to inappropriate benchmarks, you risk taking action based on incorrect information, which could have significant implications. The benchmarks typically used by SMSF investors are: The S&P ASX200 Index A listed property index The cash rate A multi-sector model portfolio The problem…
SMSF Benchmarking – What is it?
May 2016 Most successful organisations in any industry have something in common… They benchmark their performance. Benchmarking is a management tool designed to provide powerful information to key decision makers about how their current approach is working. It either gives affirmation that all is well, or an early warning that they may need to consider…
What you need to consider when preparing an investment strategy
A key reason for many individuals choosing an SMSF over other superannuation funds is to have control over their fund’s investments. However, you must balance this freedom of choice with your responsibilities as trustee to ensure that you invest within your SMSF in a manner that is prudent and in accordance with the superannuation laws.…
November 4, 2015
What is an SMSF?
Self-managed superannuation funds (SMSFs) have become a popular choice for Australians who wish to take on the responsibility and control of managing their retirement savings. SMSFs perform the same role as other superannuation funds, by investing contributions and making them available to members on retirement. The difference is, generally, that the members of SMSFs are…
November 4, 2015
What is involved in running an SMSF?
Running an SMSF can be complex, but relax, it can be simpler than it sounds. While it is encouraged to take advice from professional advisors to help you run your fund, ultimately you, as an SMSF trustee, are responsible for the success of your SMSF. So, don’t stress out! We’ve prepared the following checklist to…
November 4, 2015
What needs to be done to maintain an SMSF effectively
Maintaining your SMSF can be as simple or as complicated as you like. It all depends on how much help you want from professionals with running your fund. However no matter how much you outsource to professionals, as an SMSF trustee the buck stops with you. There are some activities you need to make sure…
The Sole Purpose Test: What you need to know
You’re running an SMSF to set yourself up for retirement, right? Well, the “Sole Purpose Test” helps to keep you on track. The Sole Purpose Test is a rule that ensures your SMSF is run to deliver your retirement or death benefits. You’re probably already running your fund to provide income for yourself in retirement,…