Personal Solutions

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 a SMSF (Self Managed Super Fund) over the years. However, this growth has started to slow because gone are the days where you have to set up a SMSF to have full control over what you are invested in. Now you can have a tailor made Investment Portfolio without the administrative burden.

With AMG Personal Super, you can still enjoy the same benefits. For retirees that means more time to enjoy and less headaches.

A Self Managed Super Fund is still needed if you are leaning towards investing in direct residential or commercial property, so there is plenty to think about.

Australians have never had more alternative ways to invest their Super. The most important thing that we help you decide is what type of Super is right for you.

Here are a few things to
consider before you start

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 1.18%, giving you a great way to take control whilst keeping your fees low.

Sole purpose test for growth

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

Whats right for you?

Personal Super
Now you have the opportunity to take control of your Super with a balance of $20,000 or more.
A Self Managed
Super Fund
You have decided that a SMSF is the right structure to enable you to take control of your Super.

“I am so happy and thankful that I now have Tracy from Super Equity to personally advise me through my new superannuation account. She maintains my account, chooses the best shares for my portfolio, she looks for growth for me in both National and International markets. My superannuation is now in better hands, has more growth, I am now educated and feel that I do have more control in my future.”

Karen

Benefits of being with
Super Equity

  • Personalised managed plans
  • Trusted and local, we help lots of local people and businesses as well as national businesses.
  • We help educate you, not just tell you
  • You will have your very own personal
    advisor who you can talk to directly

Taking control of your Super starts here.

Start your Super journey with our complimentary Super Health Check