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Investment option
Fixed income creates maturity, pricing and income decisions.
Bonds, notes and other fixed-income investments can support income and capital stability, but each holding still creates ownership, maturity, interest, valuation and risk context.
At a glance
Income certainty still needs oversight.
Issuer
Security type
Face value
Market value
Interest rate
Payment dates
Maturity date
Credit position
The fund should be able to see when income arrives, when capital matures and what risk sits behind it.
Operating position
What sits behind a fixed-income holding.
01
Security position
Keep the issuer, security type, ownership and value visible.
02
Income schedule
Interest rates, payment dates and received income should remain connected.
03
Maturity position
Trustees should see when capital becomes available and what happens next.
04
Pricing context
Market value may change before maturity as rates and credit conditions move.
Evidence position
Keep income and maturity evidence visible.
Ownership, interest, valuation and maturity documents should remain connected to the fixed-income position.
Purchase confirmations
Issuer statements
Interest statements
Maturity notices
Valuation records
Sale or redemption records
Attention points
Fixed income is not the same as risk free.
The fund still needs to understand issuer strength, liquidity, maturity timing and pricing movement.
01
Issuer risk
The ability of the issuer to meet interest and repayment obligations still matters.
02
Liquidity
Some securities may be difficult to sell before maturity.
03
Rate movement
Market value can move as interest rates and expectations change.
04
Maturity concentration
Several holdings maturing at the same time can change the fund’s reinvestment position.
How SMSF Home helps
Keep fixed-income timing visible.
01
Security register
See each bond, note or income security separately.
02
Income schedule
Track expected and received interest payments.
03
Maturity prompts
Surface maturity and review dates before capital becomes available.
04
Evidence connection
Keep confirmations, statements and valuation context attached.
Bring the income position home
Keep fixed-income ownership, payments, maturity dates and evidence together.
Home Helper™ source and review record
Primary guidance sources
This educational summary is not a substitute for the current law, regulator guidance or advice based on the fund's circumstances. Use the primary sources below to check the rule and later changes.
- ATO - Investment strategy (opens in a new tab)
Source checked 2026-08-21
- ATO - What are the SMSF investment restrictions? (opens in a new tab)
Source checked 2026-08-21
- ATO - Valuation guidelines for self-managed super funds (opens in a new tab)
Source checked 2026-08-21
Resource version 1.0.0 / Content reviewed 2026-08-21