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ARTICLE · 10 APRIL 2013

Self-Managed Superannuation Funds

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Self-Managed Super Funds ("SMSF") are superannuation funds managed by 4 or less members.

AustraliaFinance and Banking
Stephen Rockliff
Stephen Rockliff

Self-Managed Super Funds ("SMSF") are superannuation funds managed by 4 or less members. SMSF Members are usually Trustees or Directors of a company where a corporate Trustee is used. SMSF's are used by families, close friends or business associates who wish to retain control of the Fund and decide how to manage its assets.

What decisions can the Trustees of an SMSF make?

Trustees of SMSF's can decide how to invest the assets of the Fund, formulate members' retirement strategies and pensions and determine details of the Trust Deed. It is advisable for Trustees to engage professionals such as auditors, accountants, lawyers and financial advisors to help discharge these duties.

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