SMSF Investment Options | SMSF Property | SMSF Shares | SMSF Fixed Term Deposits | Investment Options 

Under Choice of Fund, you can choose to have your employer contributions paid directly into your SMSF.

The 3 things your employer will most likely ask for are:

Another option is to let the employer continue to pay into your existing retail fund. On a periodic basis you roll over to your SMSF from the retail fund.

Your employer might ask you to fill out the Choice of Fund document from the ATO. Just check with your HR department on their requirements.

The advantage with keeping the retail fund open is access to low insurance rates via group insurance policies negotiated by the Industry Funds.

Disadvantages are that most funds charge a roll-over fee of around $50 and you will continue paying fees and charges in your retail fund. The retail funds also have delaying tactics so they don’t have to pay balances over to your SMSF. Some retail funds are reluctant to let go of your money although it does not belong to them.