Services: Self-Managed Superannuation Funds

Self Managed or Do it Yourself Superannuation Funds are on the increase as more people want to take control of their retirement funding.

DIY superannuation certainly gives control but it also gives responsibility because you must act as a trustee for the fund.

The ATO produces a book called "DIY Super, It's Your Money… But Not Yet" and this book should be compulsory reading for anyone with a DIY fund or starting to think about one.

There are many issues to consider and once you go ahead there is an administrative burden. You will need strong support for your Accountant and a Financial Adviser authorised to provide advice in this area.

For more information go to www.ato.gov.au/super