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Superannuation Pensions Private Series Market information Investor toolkit

When thinking about managing your own super through an SMSF, there are many important aspects to consider. Before you set one up for yourself, you should look at your current super arrangement to see what type of fund suits your situation.

Below, we outline the basic features of an SMSF and how they compare to a large fund like Russell SuperSolution, to help you understand the difference between them.

SMSF	Master Trust
Costs
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
Maintain documentation Manage all payments & receipts	Done for you
Compliance
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 met as per the Super Fund Act	Done for you
Investments
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 and direct shares	Done for you You can choose your portfolio and may be able to adjust your investments
Insurance
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
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

Of course, if you’re interested in starting an SMSF, you can always engage the services of a financial adviser to assist you.

Russell’s institutional quality investments for individual investors

If you think SMSF is for you and you’d like to remain with Russell, you may be interested in the Russell Private Investment Series (RPIS).

RPIS gives SMSF investors access to some of the world’s best investment managers and a diverse range of global investments. Plus they get access to the benefits of consolidated reporting and Russell’s investment excellence.

We suggest that you seek financial advice before taking any action. For free general advice over the phone or to be referred to a financial adviser, call our Helpline on 1800 458 272.