Approaches towards DIY and Financial Advice

17 May, 2024

People investing into an SMSF are much more likely to have a broader range of investments with which to fund their retirement.  

 

Super Survey: Chart 8

Sources: Toluna, World Gold Council; Disclaimer

Questions: Do you have any other provisions to finance your retirement? | You said you have a Super fund, what type(s) do you have? Base: Respondents who have a Super (786)

For retirement planning, SMSF investors leverage professional advice more actively –  in particular for monitoring their retirement fund and to decide when to make withdrawals.  Whereas those with other types of Supers are using them for making sure there is enough money for retirement, understanding how much is needed, and help to set up and invest into their retirement. 

Data table

Source: Toluna; World Gold Council
Questions: You said you have a Super fund, what type(s) do you have? | What do you use financial advisors for?  Base: Respondents who have a Super (786)

Three out of four (78%) of SMSF investors feel confident that their retirement will give them the standard of living they desire versus half of people either with their employer’s default fund (54%), or another Super (51%).  

Important disclaimers and disclosures [+]Important disclaimers and disclosures [-]