How can I take more control of my superannuation?

If you’ve ever felt disconnected from your superannuation—unsure where it’s invested or how it’s performing—you’re not alone. Many Australians are looking for ways to be more hands-on with their retirement savings. So the big question is: “Can I take more control of my super?”

Yes—you can. And one of the most effective ways to do so is through a Self Managed Superannuation Fund (SMSF).

What is an SMSF?

An SMSF is a private superannuation fund that you manage yourself. Unlike industry or retail super funds, an SMSF puts you in charge of how your super is invested, giving you greater flexibility and control—within the rules set by the ATO.

With an SMSF, you can:

  • Decide what assets to invest in—such as shares, residential or commercial property

  • Operate the fund’s bank account

  • Invest directly in companies you're familiar with

  • Borrow to invest, if certain conditions are met

  • Potentially reduce your administration fees

  • Take full advantage of available superannuation tax concessions

A real-life example: John & Josie’s SMSF journey

John (45) and Josie had $300,000 and $80,000 in their employer super funds respectively. While they didn’t have much cash in their own names, they wanted more control over their retirement savings and were particularly interested in investing in the share market.

By setting up a Self Managed Superannuation Fund and rolling their super into it, they were able to:

  • Create an investment strategy tailored to their goals

  • Invest directly in shares of their choosing

  • Make proactive decisions about how their super is managed

The result? A more empowered and engaged approach to retirement planning.

Is a SMSF right for you?

An SMSF isn’t for everyone. It comes with responsibilities, compliance obligations, and requires a strong interest in managing your investments. But if you want:

  • Greater control

  • A tailored investment strategy

  • The ability to invest in specific assets

  • Long-term retirement planning flexibility

…it may be worth considering.

At McMillans, we can help you assess whether an SMSF aligns with your goals and walk you through the setup process if it’s the right fit.

Let’s talk super strategy

Taking control of your super could be one of the most powerful financial decisions you make. If you’re ready to explore the benefits of an SMSF, talk to our experienced team at McMillans.

SMSFCristy Houghton