Personal Solutions

Personal Solutions

Let us guide you through the differences between Self Managed and Personal Super so you can be sure that you have chosen the right structure to maximise your wealth.



Personal Solutions

Which Superannuation Vehicle is right for you?

How you manage your Super today can have a significant impact on the lifestyle you have in retirement.

Taking more control now for a better future is the reason behind the significant growth in the number of people who have set up and currently manage their own Self Managed Super fund (SMSF).

With the wide array of Investment options a SMSF is a popular way to actively manage your own fund and if you are looking to invest in residential or commercial property directly then this is the only way.

If you don’t have the time to commit to the ongoing obligations required to run your own SMSF, or you are not leaning towards investing in direct property then the Personal Super option is a great alternative. It will allow us to create a Tailored Investment Portfolio for you in the same way as a Self Managed Super Fund.

If you are ready to take control of your Super, you need to decide which structure suits you best.

Here are a few things to consider before you start


Do you have enough Super?

Sole Pupose Test For Growth

Do you have enough time?

Eligibility to become a trustee

Do you have enough super?

The Australian Tax Office states, to have a viable fund you need a minimum balance of $200,000. Aside from having enough funds to diversify your investments adequately, the reason for this is the cost of administering and auditing your fund can become expensive with a low balance.  For example the ATO has shown that the average expense ratio for a fund of $50,000 or less is 10.85%. With costs like this it makes it extremely difficult to grow your Super Wealth.

Our Personal Super solution has an ongoing yearly fee of 1.5%, giving you a great way to take control whilst keeping your fees low.

Sole Purpose Test

Any investments you purchase must be for the Sole Purpose of growing your wealth for retirement and for your benefit once you retire.  This means you can’t receive any other advantage from an asset you have purchased. For example you can’t invest in artwork and then hang it on your wall at home to admire on a daily basis, and if you were thinking about setting up a SMSF to purchase a property to live in, then think again.

Do you have enough time?

When managing your own SMSF some of the tasks you are required to undertake are to:

  • Maintain an investment strategy
  • Keep records
  • Appoint an auditor
  • Lodge annual returns
  • Keep up to date with any changes to Superannuation Laws

The complexity of your investments will depend on how much time this takes up. If you are time poor careful consideration needs to be taken before setting up an SMSF.

Whilst you are required to manage your investments we are by your side every step of the way to guide and advise you, as keeping on top of the forever changing economic landscape can be a difficult task.

With the Personal Super option your Super Fund is dealt with in the same way as a Retail or Industry fund, where everything is done for you. Your Super Equity adviser will contact you on a regular basis to advise you on where your money is best placed at any particular point in time, aside from that there is nothing else for you to do.

Eligibility to become a trustee

An important issue to consider when deciding whether or not to set up a SMSF is whether you are eligible to become a trustee. If you are under the age of 18 you can be a member of an SMSF, however, you can’t be a trustee.

You also cannot be a trustee if you are:

  • Classified as an undischarged bankrupt
  • Mentally incapacitated
  • Charged with certain criminal convictions

Personal Super

Now you have the opportunity to take control of your Super with a balance of $20,000 or more.

Start your journey with our complimentary Super Health Check

Self Managed Super Fund

You have decided that a SMSF is the right structure to enable you to take control of your Super.

Get started with our partnered SPAA qualified SMSF accountants.