Self-managed Superannuation

what is a smsf

Self-managed superannuation is a type of retirement savings plan that allows individuals to manage their own superannuation funds.

SMSF is a viable option for those looking for greater control over their retirement savings and investment decisions.

However, it is important to consider the risks and benefits before making a decision.

Learn more now

key benefits of SMSF

One of the key benefits of self-managed superannuation is the ability to tailor the investment strategy to suit needs and preferences.  This means that individuals can choose to invest in a range of assets, including shares, property, and cash depending on their risk tolerance and investment goals.

This level of flexibility is not available with traditional superannuation funds, which typically offer a limited range of investment options.

Another advantage of SMSF is the ability to reduce fees and charges associated with traditional superannuation.    This is because individuals can choose to manage their own investments, rather than paying fees to a fund manager.  Additionally self-managed superannation funds are not subject to the same regulatory requirements as traditional finds, which can result in lower costs.

SMSF not without risks

However, SMSF is not without its risks, and if choose to manage your own superannuation funds you must have a good understanding of investment principles and be willing to take on the responsibility of managing their own investments.  This can be time consuming and requires a significant amount of research and analysis. 

Furthermore, SMSF are not covered by the same level of protection as traditional funds, this means those who choose to manage their funds are responsible for ensuring their investments are secure and that they comply with relevant regulations.

 

what our clients say

As a self employed single woman it has been important that my finances be well looked after. Although my superannuation is not very high, Priy has met with me every year and has diligently and painstakingly taken the time to explain suggested changes that will benefit me. Apart from this he is obviously keeping up to date with everything, as suggested changes are made throughout the year. When, for health reasons, I retired a couple of years ago, Priy spent a great deal of time with me "revamping" my fund to lower risk and transferring it to a tax free fund. Now as I approach 65, Priy is again taking the time to advise me how to best deal with Centrelink and make my money last the remainder of my life. It is obvious that Priy is enthusiastic and passionate about his work, and a great comfort to me to know that I am in good hands.
Sue Lay
Mark Dunsford has assisted us in the construction of the Maddocks Group Salary Continuance and Group Life & TPD insurance. In addition, Mark assists many of our Partners in a personal capacity. We have found Mark's service to be of an excellent standard. His service is specific and relevant to the needs of our business. Our policies and options are clearly explained in respect of what is and what isn't covered. All claims have been dealt with efficiency and effectively. Nothing is too much trouble or too difficult when we speak to Mark about our insurance needs. I highly recommend Mark as an insurance broker.
David RennickCEO Maddocks Law Firm
We would like to thank Priy Wijesekera for his help with our financial situation. He has been handling our account for the past few years and we have been very happy with the results. In particular over the last 6 months which have been very difficult due to sickness and early retirement. His help and advice have been outstanding and despite our situation constantly changing, he has been of immense help, patient and never made us feel rushed or annoying. The final results have been excellent and put us exactly where we wanted to be in our retirement moving forward. Once again Priy, thank you
Pat & Derek Rowe
I just want to write to say thank you for all that you have done for me in putting in place and then managing my various insurances including income cover and cover in respect of particular events or illnesses known as trauma insurance. As a busy lawyer, I often find that I, and I am sure other lawyers tend to attend to other people’s business and affairs more diligently than we attend to my own. In this regard, I am very thankful that you were (and still are) attending to my insurance related affairs.
Terry MontebelloPartner Maddocks Lawyers
Mark has been very helpful and efficient over the years and has looked after our interests well. When my wife was diagnosed with breast cancer, he did his best to help us try and recover under our trauma cover (even though the diagnosis was made just within the 90 day no claim period). When, after a long illness, my wife died, Mark dealt with the claim under her life policy and quickly arranged for payment to be made by the insurer. Being properly insured has meant that I have had peace of mind from a financial perspective. Mark's team has also been most helpful in advising me on my investment and superannuation plans.
Jonathan Ambler
Over the past 5 years, I’ve had two major, but unrelated, health issues. On both occasions, Mark and the team at Dunsford Financial Planning were fantastic – not lonely did I receive trauma payments promptly and with a minimum of fuss, but Mark personally ensured that I received the maximum possible payment. In all my dealings with Dunsford Financial Planning, I have been impressed with their knowledge, professionalism and care.
Guy O’Connor Property Practice Group, Maddocks
I just wanted to send you a big thank you for how well you support my mum. She thinks very highly of you, and you've really been a big support through this stressful time. You have a knack for keeping her feeling ok about things, I honestly can't thank you enough.
Zoe
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