We’re glad you asked! A self managed super fund is a private superannuation fund that you manage yourself. That means that you decide where your money is invested, and that you’re responsible for complying with super and tax laws.
With normal super funds, your money is invested on your behalf by professional investment managers. The difference with SMSFs is that you can choose where to invest your money yourself. This often involves working closely with your accountant and financial advisers, who help you set up the fund and give you advice on where to put your money.
How Selfmade does it
Selfmade takes the SMSF concept, and makes it easier for you to manage your own super by bringing it right to the palm of your hand. You can cut out the lengthy setup process usually done through an accountant, and jump right in on your own.
With Selfmade, you can:
- Easily set up your SMSF yourself
- Keep compliant with all your tax and regulator obligations through the platform’s easy to use features
- Be more connected to – and have control over – your super.
While Selfmade makes setting up and managing your SMSF quick and uncomplicated, you should still seek your own independent financial advice before getting started.