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Home > I’m Interested in Self Managed Super > Do I really need outside help - can’t I do this myself?
Do I really need outside help to manage my SMSF - can't I not do this myself?
If you're so inclined, certainly it's possible for you to do it all by yourself. However, before you make that decision, you need to ensure you've got the time, the ability and the knowledge to manage your own super. Many people find it hard enough keeping up with their current managed super funds.
If you're so inclined, certainly it's possible for you to do it all by yourself. However, before you make that decision, you need to ensure you've got the time, the ability and the knowledge to manage your own super. Many people find it hard enough keeping up with their current managed super funds.
Firstly, you will need to work out an investment strategy and then select and manage investments well enough so they grow in value and meet your fund's investment objectives. Potentially you may also need to insure some of your super fund assets.You will also need to become a trustee of your own fund. Your fund must be correctly structured, and you'll need to keep meticulous records to ensure you meet all reporting requirements (such as income tax and regulatory returns and reasonable benefit limits).
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