Self-Managed Super Funds
The Decision Making Process
Comparing SMSF and other super funds
|
SMSF |
Other Super Funds |
|
|
Estate planning |
May have greater flexibility to implement strategies that create estate planning or family advantages.* |
Easier to access some tax opportunities upon death but depends on features offered in the fund. |
|
Complaints |
Free access to the Australian Financial Complaints Authority (AFCA) to help resolve disputes over non-trustee related decisions and actions. For trustee related disputes, the only recourse for unresolved disputes is through the courts. |
Free access to the Australian Financial Complaints Authority (AFCA) to help resolve disputes over trustee as well as non-trustee related decisions and actions. |
|
Borrowing |
May be able to borrow funds via Limited Recourse Borrowing Arrangements (LBRAs) to leverage into property and share investments. |
No access to Limited Recourse Borrowing Arrangements to leverage into investments. |
*Beneficiaries and super death benefits are discussed later in this module. However, the trustee may have the ultimate discretion as to who to pay any super death benefits to. This can be an important consideration for SMSFs.
