Self managed super funds (SMSFs) allow people to control their own super investments for their retirement.
Like other Superannuation funds, self managed super funds (SMSFs) are a way of saving for your retirement. The difference between an SMSF and other types of funds is, generally, that members of an SMSF are the trustees. This means the members of the SMSF run it for their own benefit.
If you set one up, you’re responsible for running it in accordance with the law and reporting to the ATO on its operation.
How CA can help?
Being the trustee of a SMSF carries significant responsibilties, and there can be many things to consider when establishing, running and investing through this flexible structure. It can be difficult to manage alone and the penalities for non-compliance can be steep. Together we can navigate through any potential complexities to help you achieve your desired financial goals and outcomes.
Want to learn more about SMSF and if it’s right for you?
Click on the following topics to find out more about what’s involved with a Self Managed Super Fund.
The information displayed regarding Self Managed Super Funds should be used as general advice only. Due to the ongoing changes with SMSF some of the information may be dated, therefore we recommend you talk to one of our advisers for specific details.
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