Is self-managed superannuation right for me?
Self-managed superannuation is not for everyone.
ASIC has a series of warnings for those thinking about establishing an SMSF and the ATO have their own recommendations for those considering an SMSF.
The Australian Taxation Office has released a consumer guide comparing SMSFs with other superannuation funds. The guide provides high level comparisons across areas including:
- Members and trustees
- Responsibilities
- Investments
- Insurance
- Regulation
- Complaints and disputes
- Fraudulent conduct or theft.
The full text of the guide can be accessed here