What is a Self Managed Super Fund?
Like other superannuation funds, self-managed super funds (SMSFs) are a way of saving for your retirement. The difference between an SMSF and other types of funds is that, generally, the members of an SMSF are also the trustees. This means the members of the SMSF run it for their own benefit.
The trustees have the control of the investments and are responsible for managing the fund. The key principle is that you run your SMSF for the sole purpose of providing retirement benefits to members.
SMSFs can have up to 4 members. All members must be trustees (or directors if there is a corporate trustee).
Please contact us today for any questions you may have on SMSF on 1300 736 453