Similarly to all other superannuation funds, a self-managed super fund (SMSF) is a way of planning for your future and saving for retirement. This option does however come with a certain degree of complexity, is a major financial decision and is therefore not for everyone.
The main difference between an SMSF and general super fund is that you are not just a member, but also a trustee. This means you are responsible for managing the fund according to its trust deed and the laws and rules that apply, in addition to meeting a number of administrative obligations.
Although there is a great deal of complexity and responsibility associated with a SMSF, with the right financial advice it is made possible.
