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A Self Managed Super Fund (SMSF) is a type of fund that you control yourself. It’s different to the superannuation accounts you would normally get at banks or through your employer. You actually invest your money yourself whenever you manage it, rather than having it invested for you by a bank or insurance company.

That being said, first-timers may have difficulty understanding the things they can do in their SMSF. No need to worry; we have listed down a couple of recommendations below for your reference.

Have More Options for Income.

An SMSF allows you to get more income options. While you could get the highest allowable amount for your age in your super fund, it doesn’t mean you should be getting it. It would be best to aim for a higher amount, which is where the Self Managed Super Fund (SMSF) comes in.

You can invest in income-producing assets in this fund, like shares and property. In fact, you can even get dividends, where the house or share that you own will pay out a percentage to you as the owner. Once you are done with your investment, you can reinvest it in better assets.

Have More Options for Superannuation.

Besides just having income options, you can also invest in Superannuation Investment Vehicles (SIVs). They are used to generate income for your retirement and typically include shares and property.

Have More Options for Insurance.

SMSFs have better options for insurance. You can even get a wide range of them for your fund, some of which you can’t get from the super funds offered by a bank or those provided by your employer.

Better Tax Treatment.

With your SMSF, you will be able to make different types of concessional contributions to your super account. These types of contributions include salary sacrifice, personal contributions, and super co-contributions.

Better Financial Advice.

Unfortunately, we all know that some banks and large insurance companies do not have your best interest at heart. The interest that they earn on your account is a big part of their business. Because of this, you will usually get investment products that will benefit their venture the most.

That said, it’s best to stick with your own SMSF. This way, you’ll know that you will be getting the best possible advice for yourself without having any financial interests involved.

Reduce Commissions and Fees.

In a Self Managed Super Fund (SMSF), you are the one that decides when you invest. You are also the one that decides when you sell. This is why you’ll be able to reduce the number of commissions and fees you have to pay your financial adviser and even the financial institutions you have invested with.

Better Retirement Income.

A Self Managed Super Fund (SMSF) will allow you to have a better retirement income. Yes, the process of investing indeed requires a lot of time and effort. You will have to monitor the market, research the best income-producing assets, and invest in those you are comfortable with. But the thing is, all the hard work will be worth it by the end.

You will be able to retire in peace, knowing that you have all the money you need to last you a lifetime.


You can acquire many benefits if you have a Self Managed Super Fund (SMSF). The main point of having this fund is that you will be able to have more control over your superannuation. You will also be able to ensure that you have the best retirement income.

If you decide to get an SMSF, you must be ready to put in the work to make the best out of it. You will have to monitor your income, the amount of money you have in the market, and the amount to spend for your retirement. All of it will be worth your time, trust us!

If you want to set up a self-managed super fund in Australia, then we at Wealthy You are here to help. We are an Australian Mortgage Company servicing Sydney for almost a decade, and we offer a variety of mortgage solutions to meet your specific financial needs. Call us today and let us discuss all your mortgage options.