A Self Managed Superannuation Fund (SMSF) is a private superannuation fund, regulated by the Australian Taxation Office (ATO) that you manage yourself.
SMSFs can have up to four members. All members must be trustees (or directors, if there is a corporate trustee) and are responsible for decisions made about the fund and compliance with relevant laws.
Set up costs and annual running expenses can be high, so it’s most cost-effective if you have a large balance.
A professional who is licensed to provide SMSF advice, like one of our Financial Advisers, can help you weigh up the pros and cons of running an SMSF and help you decide whether it’s right for you.
We can also help you understand the administration and investment decisions for your SMSF.