MBS Auditors - SMSF Audits Specialist
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Thinking about self-managed super
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SMSF Australia

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.

Self-managed super funds 20th anniversary

Since 1999, the sector has grown from around 200,000 SMSFs with $55 billion in assets to 600,000 SMSFs totalling $750 billion in assets. Today, SMSFs comprise nearly one third of Australia‚Äôs total $2.76 trillion retirement system.