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Thinking about self-managed super

If you set up a self-managed super fund (SMSF), you're in charge,  you make the investment decisions for the fund and you're held responsible for complying with the super and tax laws. It's a major financial decision and you need to have the time and skills to do it.

An SMSF must be run for the sole purpose of providing retirement benefits for the members or their dependants. Don't set up an SMSF to try to get early access to your super, or to buy a holiday home or artworks to decorate your house. These things are illegal.

It's best to see a qualified, licensed professional to help you decide.



8 Comments to Thinking about self-managed super:

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I know that when I am in charge I can always rely on self-managed super fund, but I don't know anything about the consequences. Thanks for sharing with us this useful information.
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