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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?