Why more Australians are choosing an SMSF
Despite self-managed super funds being far from a new idea, for most Australians, they seem out of reach. However, with the launch of Stake Super, we are breaking the market’s misconceptions.
For years, self-managed super funds (SMSFs) were seen as something mainly for wealthy retirees.
Today, that's changing.
Lower admin costs, better technology and a growing number of self-directed investors have made SMSFs more accessible.
While they're not right for everyone, more Aussies are questioning whether they should take a more active role over one of their biggest long-term investments: super.
Australians have more invested in super than ever
For many Australians, super is one of their largest financial assets.
Yet most people have little say over how it's invested beyond choosing a set option within their fund.
An SMSF works differently. Trustees make the investment decisions themselves while remaining responsible for meeting the fund's legal obligations.
The biggest misconception about SMSFs
A common misconception is that you need hundreds of thousands of dollars before an SMSF becomes an option.
There's no legal minimum balance to establish an SMSF.
Whether it's right for you depends on your balance, investment strategy and the costs of running the fund.
Learn more in our more comprehensive breakdown of super minimums
Technology has changed the SMSF experience
In the past, running an SMSF often meant working with different providers for admin, accounting, tax and audit tasks.
Today, much of that can be managed digitally.
Stake Super brings SMSF administration and investing together in one platform, helping reduce paperwork while trustees stay in control.
What to consider before choosing an SMSF
SMSFs offer greater control and flexibility, but they also come with added responsibilities.
It may be worth considering if you:
Want more control over how your super is invested
Are comfortable making investment decisions
Understand the responsibilities of being a trustee
Want flexibility to invest across a broader range of assets
A more active way to control your super
Exploring your options or ready to make the switch? We're here to help.
Get started online or speak to a Stake Super specialist.
Speak to a specialist
Want to know more about Stake Super or have questions? Speak to one of our SMSF professionals.
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