Retail or DIY Super Funds?

Benefits of DIY (“do it yourself”) Super Funds

There are several reasons why you might choose self managed, DIY super funds over retail or industry based superannuation funds:

• Control and active involvement
• Choice of fund investments
• Cost effective administration, and reporting
• Flexibility
• Estate planning
• Greater control around taxation planning

For more information about running DIY super funds, click here.

Consequences and Responsibilities of Self Managed Super Funds

On the other hand, running DIY super funds also brings with it a number of responsibilities as a Trustee of the DIY super fund.

These include:

• Investment decisions
• Creating an income stream for members
• Accepting contributions
• Appointing professional advisors if and when required
• Acting in accordance with the Superannuation Laws
• Ensuring that the Trust Deed is current
• Completing a wide range of reporting requirements for the Fund

If these responsibilities sound too daunting then you may find an industry or retail superannuation fund better suited to your needs over DIY super funds.

DIY Super Funds Perth Experts

Blueprint Planning are specialists in Perth DIY super funds. We have offices in South Perth, Mandurah and Albany. We also service clients from Kalgoorlie, Esperance and throughout Western Australia.

For more information on our DIY super funds Perth and Western Australia services, simply call (+618)94230300 to speak with one of our Directors or complete our enquiry form.