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:
Articles About SMSF’s
Lump Sum Super Withdrawals & Centrelink
The Centrelink treatment of...
Superannuation Tax-Free Component
The superannuation Tax Free...
Non-Binding Death Benefit Nomination
A Non-Binding Death Benefit...
Benefits of a SMSF
You may have heard...
Grandfathered Account Based Pension
A grandfathered account...
Difference Between Binding and Non-Binding Nominations
Through the use of a...