Self Managed Super Funds (SMSF): Your Complete Guide

Self Managed Superannuation Fund (SMSF) is a superannuation fund with 6 members or less, where each member of the SMSF is generally a trustee of the SMSF or director of the corporate trustee. In most cases, a SMSF will consist of family members only; and usually only two members of a couple.

An SMSF provides greater investment, taxation and estate planning flexibilities compared to standard retail or industry superannuation funds. However, the costs of establishing and running a SMSF are generally higher. The administrative responsibilities and duties associated with an SMSF are also greater.

While an SMSF can provide you with a higher level of control over your retirement savings, the additional costs, risks and workload should be considered before setting one up.

SMSF articles:

• What is a Self Managed Super Fund?
• How Much Does It Cost To Set Up An SMSF?
• SMSF Investment Strategy
• SMSF Capital Gains Tax
• SMSF Transition To Retirement