So how do you manage your fund on an ongoing basis?

As we mentioned before, the main benefit of setting up a fund and majority of the reason why people do it is to get control. This doesn’t mean however you have to do it all yourself. There are many professional advisors out there who can help you manage your fund in an efficient and compliant manner so you can effectively do what you want with it, without giving up the control.

Ideally it is great to have an Accountant and Financial Advisor who are on your side and working as a team. This is so you don’t have to stress and worry about whether you are breaking the rules or not but you still have the transparency to understand your superannuation fund is doing, where it is invested and what costs and fees you are paying on an ongoing basis.