Chapter 1: Is an SMSF right for you?
If you’re reading this book, you’re probably wondering whether a self managed super fund (SMSF) can offer you benefits your current super fund can’t. You may have heard about the growth of the SMSF sector and be wondering why so many Australians have a self managed super fund. But how do you know if an SMSF is right for you?
What is an SMSF?
An SMSF is a special entity that holds your superannuation savings. Compared with other super funds, an SMSF is a small super fund that you run yourself. You can have up to three other people in the fund with you and, together, the four of you look after your own retirement savings.
What are the benefits of self managed super?
An SMSF offers many benefits. By offering ...