9am – 5pm

Monday to Friday
Based
in Sydney

9am – 5pm

Monday to Friday
Based
in Sydney

A tale of trusts, compliance
and taking charge.

A self managed super fund is a way of taking control of your super yourself, rather than through a fund manager.

It’s essentially a private super fund run jointly by its individual members, created as a trusteeship that yields benefits to its members upon retirement, much as a traditional super fund would.

SMSF trusts can have up to four members (often husbands, wives or other family members) and like all super funds, their purpose is to help you and other fund members save for retirement.

The main benefit of an SMSF is that rather than being part of a fund that invests for the collective needs of its members, you run your own show and tailor your investment strategy to your own needs.

Some Rules

There are strict compliance and reporting requirements with an SMSF, as it’s governed by Australia’s complex super laws. Those laws affect the contributions your fund can accept, the types of investments you can make, the paperwork you need to keep and the way you can access your money.

Each fund also has a trust deed that is a legal document outlining the fund’s individual’s rules, objectives and details, such as whether benefits can be paid as a lump sum or income stream.

Top