What is a Self Managed Super Fund (SMSF)?

Self-managed super funds (SMSFs) is a strategy of saving for your retirement. The members of an SMSF are also the trustees. This means the members of the SMSF run it for their own benefit. The SMSF sector has become the largest segment in the superannuation industry. 
Managing your own super is a huge responsibility. There are strict rules that govern how you can use an SMSF, how you can invest the fund's money and when you can access your super.

Before deciding to manage your own super, the following would be wise to consider carefully:
• Seek professional advice.
• You will need a substantial amount of funds saved in super, plus you will need the time and skills to manage the funds. 
• It’s important to think carefully about your investment options to balance the level of risk against the level of financial return. 
• The ATO is the regulator of SMSFs and there is a lot of useful information on their website as well.

There is a lot of information available on SMSF's, if you would like to know more about this and be placed directly in the hands of industry professionals to assist you with your investment and retirement strategy, we are a message way.