A FUND CONTROLLED BY YOU
A self managed superannuation fund (SMSF) is essentially a superannuation fund which is controlled by you.
A SMSF can have up to four members, all of whom must be trustees (and all trustees must be members). As members and thus trustees, you make all decisions relating to the operation of the SMSF, including how the SMSF’s assets are invested. While this gives you added responsibility in relation to your superannuation, the majority of the compliance and administrative tasks can be outsourced to your accountant and financial planner, meaning you can enjoy the flexibility and control that a SMSF provides.