In This Chapter
Taking a look at SMSF administration tasks
Separating SMSF fiction from super facts
Deciding whether to go solo or call in the super troops
Delegating all, or part, of your fund’s CART obligations
Approaching the tax experts
Recognising that retirement means more SMSF administration
A s a self-managed super fund (SMSF) trustee, the question you need to ask is: Who is going to steer your super CART? CART is an acronym I coined to help you get your head around the mandatory aspects of running a DIY super fund — that is, your Compliance, Administration, Reporting and Tax management responsibilities.
One of the biggest decisions you need to make when running a SMSF is whether you steer the entire CART yourself, or you delegate all or just part of your workload to a professional administrator, an accountant, or to another ...