What is a SMSF?

What also sets a self managed fund apart from other funds is that the members are also the trustees, and have an active role in managing the fund—including managing the fund’s accounts and making investments.

A self managed superannuation fund isn’t for everyone and people considering a self managed fund should look at whether it is the right option for them.  You should consider your objectives, current financial circumstances and personal needs.

For more information please refer to the Australian Taxation Office website.