ADVICE | Self Managed Super Funds
Self-managed super funds (SMSFs) have become increasingly popular in recent years. They are often called ‘do-it-yourself’ or DIY super funds and, as their name suggests, they are super funds that are managed by their members.
SMSF’s provide you with more flexibility and choice in the type of assets you can invest your super in. This is because they allow you to hold some assets that many other superannuation vehicles usually don’t allow you to hold, such as collectables, unlisted shares and property.
Another advantage offered by SMSFs is transparency. They enable you to better understand where and how your money is invested. So if, for instance, ethical investing is important to you, you can ensure that your super assets do not include investments in, say, fossil fuels, tobacco or products tested on animals.