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SMSF – Self Managed Super Funds

Self –Managed Superannuation is a growing area and the legislation and rules governing the creation and running of one is quite complex.

Like other superannuation funds, self-managed super funds (SMSFs) are a way of saving for your retirement.

The difference between an SMSF and other types of funds is that, generally, the members of an SMSF are also the trustees.

This means the members of the SMSF run it for their own benefit. SMSF’s are the largest and fastest growing area of the superannuation industry.

Currently there are approximately 1 million Australians that are running a SMSF, representing a combined asset value in excess of $550 billion.

How you manage your super today will have a significant impact on the choices you have in retirement, which is why SMSFs are rapidly becoming a growth area for investors who want greater control of their retirement savings.

Despite what the media says they are not for everyone but only an expert can help you assess if one is right for you.