When you opt to set up an SMSF, the government requires you to set up an investment strategy that explains how you’ll invest your money. There are a few approaches you can take by researching or talking with your financial adviser.
You’re also required to review and lodge an updated version of this document yearly – this is called an annual investment review.
The facts When you are a member of a retail or industry fund, you don’t directly make the investment choices. On the other hand, with an SMSF, since you’re managing your own investments, it’s important to have a framework to follow – so that you can manage your super in a way that best supports your goals.
How Selfmade does itOur platform provides a suggested investment strategy template that you can choose to adopt, along with tools to help keep you compliant.