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An SMSF is one where you, as a trustee and member, have responsibility over the management, investment and administration of your super fund.
Important questions to consider when thinking about opening an SMSF:
- What are some of the advantages of having a SMSF?
- Who can set-up a SMSF and how many members can there be?
- Can super contributions from your employer be paid in to your SMSF?
- What other types of superannuation contributions can a SMSF accept?
- What is a reasonable balance to have in superannuation before considering setting up a SMSF?