Sign up for updates

Investor Education > Superannuation > DIY Superannuation


The popularity of self managed super funds (SMSFs) continues to grow rapidly, with about a million Australians investing around $500 billion (*as at 30 June 2013) of superannuation through DIY funds. Most people who start self managed super funds say that one of the main reasons they do so is to have more control over their super. Others will use an SMSF because it is the only way they can acquire certain assets (eg property) through their super. Others say that it is because the costs are less than others forms of super.

Self managed super funds are also known as DIY super funds. They can have up to four members and are generally established by an individual or a family from their own superannuation savings. Members of the fund must also be trustees, unless a corporate trustee is appointed, and are responsible for the all investment and compliance decisions of the fund, including administration, trusteeship and taxation.

While self managed super funds can be a very good way of looking after your super, it is extremely important that for trustees to understand what they are doing, and if in doubt get some advice and/or assistance. The penalties for getting it wrong and becoming a non complying fund are severe.


Learn more: SMSF investor education

Access preferred pricing on the establishment and specialist administration of DIY super funds.



Australian shares
International shares
Fixed income


Investment products

Managed Funds
Managed Accounts
Superannuation Funds
Wrap Accounts
Insurance Bonds


St George Margin Lending
BT Margin Lending
Investment Bond
Sophisticated Investor Opportunities
Self Managed Super Funds

Fund managers

Colonial First State
Perpetual Wealthfocus
BT Investment Funds
MLC Masterkey
Spectrum Super

Australian Fund Managers

Investor Education

Managed investments
Separately managed accounts
Wrap accounts


© 2020 DIRECTINVEST 2016   |  A member of Mason Stevens Group |  ABN 89 069 774 456 

Corporate Authorised Representative AR No 336649  | Financial Services Guide