How is Superhero Super different from an SMSF?

by

Superhero Team

December 16th 2021 3 minute read

Superhero Super operates as an APRA-regulated retail super fund, where your retirement funds, taxation and administration are managed by Superhero on your behalf, whereas with a self-managed super fund this responsibility sits with you and other members of your self-managed super fund. Self-managed super funds provide you with direct control over where your super is invested, but there are additional costs and administration requirements.

In 2019, the average operating cost of running an SMSF was $6,450. In comparison, the cost of the Superhero Super Autopilot Account with $50,000 balance and 100% in the Global Diversified Index Option would be $429.30 p.a. 

Superhero Super allows you to invest up to 75% of your super in ASX300 Shares and ETFs without the need for an SMSF. You can find the full list of available investment options here. For more information about Superhero Super, visit our Super page.

If you already have an SMSF, you can set up a Superhero account to invest with your SMSF with Superhero. You can do this by logging into your individual Superhero account, going to your Profile and clicking ‘Add New Account’.