A DIY superannuation fund is an individual, family or small business-based fund that consists of one to four members. There are two types of DIY super funds: Small APRA Fund (SAF) and Self-Managed Super Fund (SMSF).

Crea & Co prefer something with the name Super in it as everyone then knows the purpose of the Fund. However you do not need to have Super or your own name for your Fund e.g. if your name is Bill and Maria Jones, you could call it: You could call it some special or family name e.g. Maria's maiden name may have been Ruggiero so you may decide to call the Fund Ruggiero Super Fund.

If you want to save for a comfortable and secure retirement, you may need to make additional contributions to your DIY Super Fund. Due to the lower tax rate on income, it is the most tax effective way to accumulate funds for retirement.

Tax is paid on contributions & investment earnings. The Maximum tax payable on super fund earning is 15%, this tax is reduced by franking credits received by the fund

Yes. However this will depend on the amount you have invested in Superannuation. See our web site choice of Funds for existing Superannuation monies and future Superannuation contributions.

The University’s current Enterprise Agreement (EA) makes no allowance for scheme choice. Consequently you must become a member of the University’s nominated fund, UniSuper. The College does offer scheme choice to casual employees only. The default scheme is UniSuper.

A regulated super fund is a fund that complies with super legislation and regulations. The fund can be either a managed fund or a self-managed super fund and must be regulated to receive concessional tax rates.

When selecting your super fund there are many factors to keep in mind, some of the key points to keep in mind include:

ASIC provides a super booklet which can help you to understand more about your retirement nest egg, make informed financial decisions, and maximise your superannuation savings.

A small or DIY (do it yourself) superannuation fund is an individual, family or small business based fund of one to four members. The DIY fund is a separate legal entity. This is what makes having a DIY fund different to holding a member account within a larger superannuation master trust or retail superannuation product.

A Self Managed Superannuation Fund is a Superannuation Fund that is managed by you and regulated by the Australian Taxation Office (ATO). All the members of the fund must be trustee of the fund.

Do-It-Yourself superannuation fund is an informal name for a Self-Managed Superannuation Fund (SMSF). Self-Managed Super Fund is a superannuation fund that is regulated by the Australian Taxation Office (ATO) and all members of the fund are trustees of the fund. There are exceptions to this rule, such as, a member who is a minor, or, one who is under legal disability. In such cases, regulatory provisions state that a member of the SMSF cannot be the trustee of the fund.

The DIY Together site is created for all DIYers who want advice or share their experiences. You can be living anywhere but currently it's in English only. Please go to the ABOUT page and read about the DIY Together services.

Yes, if you have a Self-Managed Superannuation Fund (where you are legally responsible for your own superannuation), then you could look at investing in our Funds as part of your superannuation investment strategy. In fact, many of our investors are investing through their Self-Managed or DIY Superannuation Fund. We suggest you seek independent advice. There are a number of ways to define and measure risk.

You can download a Transfer form or phone us on 1300 366 212 & a form will be mailed to you. We will take care of the transfer on your behalf. Before requesting the transfer, we recommend you contact your other fund and ask:

Transferring your other super account(s) into your Westscheme account could increase your retirement savings by reducing your costs. Westscheme does not charge a fee to recover your rollover(s), although your other account may. Before you decide to transfer your other super account(s) into Westscheme, itâ??s a good idea to make sure you donâ??t lose out on benefits and entitlements by leaving your existing fund(s).

Yes you can. The Australian Taxation Office has set out rules regarding the purchase of artworks. Please ask your financial advisor for the appropriate advice.

The table below shows the Winning Categories, the Odds, and the Distribution of the Prize Fund between the three Winning Categories of Super 5:

they’re employed under a State award or a registered or approved industrial agreement where the award or agreement specifies the fund to pay to; or they’re employed under a certified agreement under the Industrial Relations Act 1988 or an AWA or certified agreement under the Workplace Relations Act 1996 where the agreement specifies the fund to pay to; or they’re members of a defined benefit fund where they would be entitled to the same retrenchment, resignation or retirement b.

A We will contact you if there are taxes to be paid asking you to write a cheque to the Australian Taxation Office and forward it to us. We take care of the rest.

Yes. There is a 5% limit of the market value of the Fund when the loan is made. It is necessary to pay interest on the loan. I Am Drawing a Pension from My DIY Super Fund Following My Retirement and I Am About To Take another Job Can my employer pay my complying 9% super into my DIY Super Fund? Yes. Your DIY Super Fund and Pension Fund are governed by the same trust deed and it is simply a Matter of having accumulation super monies and pension monies under the same fund.

First of all you need to set up your Super Fund deed and then we obtain a Tax File Number and ABN number for you. The rollover form acquired from where you presently have your Super Fund monies can then be sent to the Fund, so that they can then send the rollover papers and cheque payable to your new DIY Super Fund. The length of time taken by Super Fund institutions to do this varies and you should allow between two weeks and two months.

Will it be possible to transfer a UK pension to Australia, where benefits are either providing unsecured Pension benefits or alternatively secured pension benefits (i.e. UK pension is in draw down). We note that UK pension annuity transfers would not be authorised outside EEA.

When an employee, who is a member of State Super, receives a short term salary allowance, e.g. higher duties allowance, then that allowance is subject to superannuation. As it is not possible to pay this into State Super then it must be paid into an alternative fund, namely UniSuper.

Yes, however we suggest you seek advice from the trustee of your fund to decide whether the fund’s trust deed would allow the investment and whether it would be authorised and in accordance with the fund’s investment strategy.

Ask the employee to complete a Consolidate your Super Form and send it to us and we will then arrange the transfer on your employee's behalf. You can download this form from the website (in Forms and Publications) or by calling AustSafe Super weekdays 8.30am-5pm (EST).

Yes, and the Super Secrets® to Real Estate Wealth Course reveals how to do this, and what to look out for.