An SMSF or self-managed super fund is a superannuation fund that has between one to four members and has elected to be regulated by the Australian Taxation Office (ATO). Other conditions include;
Each trustee of the fund is a member
Each member of the fund is a trustee
Members of a fund cannot be an employee of another member of the fund unless those members are related
Single member funds need to add in a second trustee, where the fund operates as individual Trustees, but the second trustee does not have to be a member.
SMSF is one of the fastest and largest growing supersectors in Australia and can be suitable for people with a lot of super and skills in financial and legal matters.
It can offer members greater control over their retirement savings than other types of superannuation funds.
We have partnered with some of Australia’s major lenders, to provide you with a competitively priced end to end SMSF investment property loan service. Talk to us to get started.
