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 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 are discussed later in this module; however the trustee may have the ultimate discretion as to who to pay any death benefits to. This can be important implication for an SMSF compared to other funds.
