Self Managed Super Funds
You may have heard friends, family or colleagues talk about their SMSF? An "SMSF" or Self-Managed Superannuation Fund is a private superannuation fund you manage yourself, regulated by the Australian Taxation Office.
SMSFs are different from mainstream superannuation funds regulated by the Australian Prudential Regulation Authority (APRA) which pool members’ savings and invest the money for them. For individuals seeking to own direct investments within superannuation or gain greater control of their superannuation portfolio, SMSFs can be an attractive alternative.
SMSFs can facilitate all major superannuation functions including:
- Accepting new superannuation contributions
- Housing superannuation funds received from a change in employment
- Paying a retirement income
There are many things to consider before establishing an SMSF. Let A&K Financial Planning help you with this process.