Why someone would set up a Self Managed Super Fund (SMSF) with ESUPERFUND

SMSFs are often called 'do-it-yourself funds', but that isn't really the case. And going it alone doesn’t necessarily mean cheaper, either. 

self managed super

SMSFs are often called 'do-it-yourself funds', but that isn't really the case. And going it alone doesn’t necessarily mean cheaper, either. 

SMSFs are often called 'do-it-yourself funds', but that isn't really the case. And going it alone doesn’t necessarily mean cheaper, either.

Setting up an SMSF can be easier and more affordable thanks to service providers like ESUPERFUND, a ‘one-stop-shop’ for your SMSF needs. Rather than going it completely alone, ESUPERFUND provides services including SMSF setup, annual compliance, tax returns, and auditing for Australian clients.

Established in 2006, ESUPERFUND is licensed through ASIC via an Australian Financial Services License and registered as a Tax Agent, licensed with the Tax Agents Board through the ATO.

You will be amazed with ESUPERFUND’s annual fee when compared to the typical administrative fee of $2,000 - $7,000, according to ASIC Report on Costs of Operating SMSFs. Suited to DIY investors, ESUPERFUND does not provide financial advice to clients.

Retirement is usually a time to gradually spend the capital you’ve grown over the years. But some retirees, like ESUPERFUND clients Kevin and Marlene, have been able to grow their super thanks to savvy investment.

“I wouldn’t have done it if I hadn’t found someone like ESUPERFUND that handled the administration side of the fund management. They made it very easy,” Kevin says. “I just followed their prompts and they guided me every step of the way.”

For Kevin and Marlene, clients of ESUPERFUND, the service gave them greater opportunity to take control of their finances and ensure they could live a comfortable, happy and stress-free retirement. Kevin was able to set up and manage his superfund online, and says that he enjoys the process of investing and making transactions by himself. He and Marlene, as both trustees and beneficiaries, review the investment strategy and the allocations annually which he says is simple and easy to do.

Even though the couple is living in pension mode, their capital growth is currently exceeding their drawdown. You can read Kevin and Marlene’s story here.

Catriona and Phil also took control of their finances through their SMSF. They were surprised to learn they could use their super to buy an investment property.

"I always thought you needed at least $200,000," Catriona says. "I was so excited to go looking for houses when I realised I could do it with the money I already had."

Purchasing property through an SMSF was their way of safeguarding the future and work towards their goal of early retirement.

"It really wasn't any harder than buying our own house – that really surprised me," she says. "We're one step closer to our long-term goal. And of course, once we retire, we can actually take ownership of those properties."

You can read Catriona and Phil’s story here.

ESUPERFUND is offering a limited time special offer that may further lower your SMSF running costs, which is a total saving of $899.

Access this exclusive offer here. (Terms and conditions apply)

If you want to learn more about SMSFs, download an information pack today.

Originally published as Why someone would set up a Self Managed Super Fund (SMSF) with ESUPERFUND