Self Managed Super Fund
Advice
Have the flexibility &
control over your super
At Forward Path Advisory, we specialise in providing tailored advice on Self Managed Superannuation Funds (SMSFs), empowering you to take full control of your retirement planning. SMSFs offer flexibility and the opportunity to make personalised investment decisions, but managing one requires careful planning and expertise. Our SMSF services are designed to guide you through every stage from setting up your fund to developing and implementing a strategic investment plan that aligns with your long term goals. Whether you’re looking to invest in property, shares, or other assets, we help you build a diversified portfolio that maximises returns while managing risks.
While the day to day administration and audit of SMSFs are crucial, we work closely with trusted accountants to ensure that these aspects are managed smoothly and remain compliant with the latest ATO regulations. This collaborative approach allows you to focus on the bigger picture, knowing that your SMSF is well managed. We aim to make the entire process straightforward, so whether you’re new to SMSFs or already managing one, our team will provide ongoing support and advice to help you stay on track towards financial independence in retirement.
Based in Melbourne and supporting clients across Australia, we are committed to helping you make informed decisions that shape a secure future.
Areas of Advice
Have you ever thought about opening a Self Managed Super Fund (SMSF)? Do you want flexibility & control of your super; both now and leading into retirement?
Over 1 million Australians have made the decision to invest through an SMSF.
There are approximately 616,400 SMSFs in Australia, collectively managing around $933 billion in assets.
SMSFs provide trustees with the flexibility to invest in a wide range of assets, including direct property, shares, and collectibles.
Investment Control
Directly manage and tailor your superannuation investments.
Broader Investment Options
Access assets like property, shares, and collectibles.
Tax Flexibility
Implement strategies to optimise tax outcomes within the fund.
Family Office/High Net Worth
We offer comprehensive wealth management, investment strategies, and estate planning for high-net-worth individuals & families.
Pooled Family Super
Combine family super balances for unified investment strategies.
Generational Wealth Preservation
Implement estate and succession planning to ensure wealth transfer to future generations.
Frequently Asked Questions
What is a Self-Managed Super Fund (SMSF)?
A Self Managed Super Fund (SMSF) is a private superannuation fund that you manage yourself. This allows you to control how your retirement savings are invested.
How is an SMSF different from a regular superannuation fund?
Unlike retail or industry super funds, where investment decisions are made on your behalf, an SMSF gives you full control and flexibility to choose and manage your own investment strategy with this tailored for you by your adviser.
Who can set up an SMSF?
An SMSF can be set up by an individual, a couple, or a group of up to six members. All members must be either individual trustees or directors of a corporate trustee, and they must be willing and eligible to take on the legal responsibilities of managing the fund. This includes acting in the best interests of all members and ensuring the fund remains compliant with superannuation laws.
What are the benefits of having an SMSF?
- Greater control over investment decisions
- Flexibility in investment choices, including property and direct shares
- Potential cost benefits for higher balances
- Tailored estate planning options
- Ability to pool family super assets
What are the responsibilities of SMSF trustees?
Trustees are responsible for complying with superannuation laws, managing investments in line with the fund’s strategy, maintaining accurate records, lodging annual tax returns, and ensuring the fund is audited by an approved SMSF auditor.
How much money do I need to start an SMSF?
While there’s no legal minimum, it’s generally recommended to have at least $300,000 in combined super balances to ensure cost effectiveness compared to other super options.
If your balance is below this amount, you may still consider an SMSF if you plan to contribute more to your super. We can help you assess whether an SMSF is appropriate for your circumstances and future plans.
What investment options are available within an SMSF?
An SMSF can invest in a wide range of assets, including:
- Direct shares
- Residential and commercial property
- Cash and term deposits
- Managed funds and ETFs
- Fixed income products
- Alternative assets (subject to restrictions)
Can an SMSF borrow money to invest in property?
Yes, under a Limited Recourse Borrowing Arrangement (LRBA), an SMSF can borrow to buy a single acquirable asset (like property), provided strict rules are followed.
What are the tax benefits of an SMSF?
SMSFs benefit from the same concessional tax treatment as other super funds:
- 15% tax on income in the accumulation phase
- Capital gains tax concessions
- Tax free income in the pension phase (once certain conditions are met)
What are the ongoing costs of running an SMSF?
Costs can include:
- Set up and wind up fees
- Annual audit and accounting fees
- Financial Advice fees
- ATO supervisory levy
- Legal and investment advice. Costs vary depending on the complexity and size of the fund.
How does Forward Path Advisory help with SMSFs?
We provide Comprehensive Strategy advice on SMSF services, including:
- Feasibility assessment and advice
- SMSF structuring
- Investment advice
- Ongoing compliance
- Estate planning and pension strategies
Our goal is to ensure your SMSF aligns with your long-term financial goals while staying compliant.
What are the compliance requirements for an SMSF?
Key requirements include:
- Annual tax return and audit
- Record keeping and reporting obligations
- Adhering to contribution and pension rules
- Keeping investments within the SMSF’s strategy and sole purpose test
How do I roll over my existing super into an SMSF?
Once your SMSF is established and we set up your bank account we will request a rollover from your existing super fund into your SMSF. We’ll guide you through the process to ensure it is completed smoothly and in line with regulations.
How do I get started with setting up an SMSF with Forward Path Advisory?
Book a consultation with our team. We’ll assess whether an SMSF is right for your situation, explain the risks and benefits, and, if appropriate, support you on your SMSF journey.
Get in touch
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