A Self Managed Super Fund offers you several advantages:

Choice: An SMSF provides greater investment freedom and maximum control over your superannuation funds. The super fund can be invested in a wide range of investments including property, shares, cash or any other assets that suits the investment objectives of the super fund.

Flexibility: The flexibility to decide i.e. how your super funds are invested and how the super fund is to be operated.

Easy management: Active participation in the management of the superannuation fund is possible.

Effective Planning: A Self managed superannuation fund (SMSF) can be customised to be used for effective retirement planning and estate planning.

Tax benefits: Investing in an Self Managed Superannuation Fund (SMSF) has tax benefits that make superannuation funds a strong wealth generation strategy. A tax concession of 15% applies to the income of the super fund, including contributions for which the tax payer has claimed a tax deduction.

Realised capital gains on investments held for more than 12 months are taxed at an effective rate of 10%. Tax can be lowered through the use of franking credits and the offsetting of capital losses.

However, setting up an SMSF is not for everyone. It does require at least a basic knowledge of the ato superannuation rules and legislation that they as Trustees must comply with and the use of an experienced superannuation fund adviser.