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SMSF comparison

SMSF vs. large fund

To help you make a comparison between an SMSF and a large fund like Russell SuperSolution, we have summarised the key features below.

Costs

SMSF	Russell SuperSolution
Establish Fund Admin fees Audit fees Actuarial fees Annual return fee Can be cheaper with a higher account balance	Annual member fee Contribution fee No investment switching fee If in an employer-sponsored plan your costs may all be covered Can be cheaper with a lower account balance

Administration

SMSF	Russell SuperSolution
Maintain documentation Manage all payments & receipts	Done for you

Compliance

SMSF	Russell SuperSolution
Annual independent audit Prepare annual financial statements Prepare annual tax return and lodge it Ensure the investment strategy is followed and all other compliance requirements meet the current superannuation legislation	Done for you

Investments

SMSF	Russell SuperSolution
You choose your own investment strategy which forms part of the trust deed You can invest in a wide range of options such as direct property, managed investments	Done for you You can choose your portfolio and may be able to adjust your investments

Insurance

SMSF	Russell SuperSolution
File your own claims Select and purchase the insurance cover of your choice	May automatically receive basic insurance cover on joining the fund Cheaper premiums as part of a group policy

Wealth management

SMSF	Russell SuperSolution
May provide you with a range of options in terms of estate planning and flexible benefit payments	Preferred and binding beneficiary nominations available Benefit payments made in line with the trust deed