Self Managed Super Funds (SMSF)

Concept of SMSF:

A Self-Managed Super Fund, or SMSF for short, is a do-it-yourself superannuation scheme designed for those who want direct control over their retirement savings and investments.

An SMSF is an investment portfolio you set up to save funds for retirement. It differs from a normal superannuation fund because the members, known as “trustees”, decide how the fund operates and what to invest in. The fund’s assets are controlled by the trustee, in most cases the members themselves. Members are not only responsible for the overall investment strategy, they are also responsible for the legal and statutory requirements.

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