SMSF Strategy
A Self-Managed Super Fund gives you direct control over your retirement savings — what you invest in, how your fund is structured, and how your retirement income is managed. But with that control comes responsibility. Running an SMSF means you are the trustee, and the compliance, investment, and administrative obligations are significant.
What We Do
Great Advice provides expert SMSF strategy advice for individuals and couples who want greater control over their superannuation. We work with you to determine whether an SMSF is the right vehicle for your situation, and if so, how to structure and manage it effectively.
Our SMSF advice covers:
- SMSF suitability assessment — is an SMSF right for you, given your balance, goals, and willingness to manage compliance?
- Investment strategy design — building a diversified investment strategy that aligns with your retirement goals and complies with super law
- Pension phase structuring — transitioning your SMSF from accumulation to pension mode tax-effectively
- Estate planning within your SMSF — binding death benefit nominations, reversionary pensions, and succession planning
- Ongoing compliance support — working with your accountant and auditor to ensure your fund meets all ATO requirements
- SMSF wind-up — if an SMSF is no longer appropriate, we help you roll your balance into a suitable retail or industry fund
Why Great Advice
SMSFs are powerful but not for everyone. We will give you an honest assessment of whether an SMSF makes sense for your situation — not push you into one because it generates fees. Our independence means our advice is always aligned with your best interest.
We work alongside your accountant and auditor to ensure your SMSF is compliant, well-governed, and performing as it should.
Frequently Asked Questions
How much super do I need to make an SMSF worthwhile?
There is no legal minimum, but as a general guide, an SMSF typically becomes cost-effective when your balance is above $250,000 to $500,000. Below this level, the fixed costs of running an SMSF (accounting, audit, administration) can eat into your returns relative to a well-performing retail or industry fund.
What are the risks of an SMSF?
As trustee, you are personally responsible for all investment decisions and compliance obligations. If you breach the rules, the ATO can impose penalties. Common risks include poor diversification, inadequate insurance, and falling behind on compliance requirements. Professional advice helps manage these risks.
Can I buy property in my SMSF?
Yes, SMSFs can invest in residential and commercial property, including through limited recourse borrowing arrangements (LRBAs). However, property in an SMSF comes with strict rules around personal use, related-party transactions, and liquidity. We can help you assess whether property is appropriate for your fund.
Can my SMSF pay me a pension in retirement?
Yes. Once you meet a condition of release, your SMSF can pay you an account-based pension. This is one of the most tax-effective ways to receive retirement income, as investment earnings on assets supporting a pension are tax-free (up to the transfer balance cap).
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