Is Australian Super’s major enhancement option as “good as having a self-managed super fund” (SMSF)?

Competition for superannuation members is heating up. Australian Super this week announced a major enhancement to the way its members can invest. It went as far as claiming that the option was almost as good as having a self-managed super fund. In reality it poses more of a threat to the continued existence of commercial super funds. The continuing popularity of self-managed super funds was reinforced this week by the release of statistics by the Australian Taxation Office. They showed that the assets managed by SMSFs grew by 122 per cent over the five years up to 2010, compared with a growth rate of 60 per cent for the total superannuation industry.
See ARTICLE Max Newnham writes in The Age, page 6


About SuperBenefitnews

Self-Managed Superannuation Service Providers in Australia. SuperBenefit will SET UP your SMSF and provide investment education for a better result. We take care of all your administration, accounting, ATO lodgement and audit of SMSFs, working with you and your advisors. If you want advice we can arrange one of our recommended advisors and accountants to meet with you, as we do not give advice, but take instruction only. Take control of your super, including property shares and other assets. Learn how to be your own advisor - make better decisions - by being mentored and coached to invest your own super wisely and strategically by qualified partners. Book to come to an event to find out more, or - Call us 0407 361 596, no obligation FREE strategy call.
This entry was posted in SMSF Info, News & Stats. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s