What is a Self Managed Super fund?
A self-managed super fund (SMSF) is your own personal Superannuation Fund that gives you total control over how your benefit is invested. As a DIY investor, it is the perfect way to make your own choice on investments for your retirement rather than leaving it to others to make the choices for you.
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If you set up an SMSF, you’re in charge- you make the investment decisions for the fund and you are responsible for complying with the law. Managing your own super is a big responsibility. There are strict rules that govern how you can use an SMSF, how you can invest the fund’s money and when you can access your super.
Deciding which way to go is an important decision and the best approach for you depends on your personal situation, so we recommend you see a qualiﬁed, licensed professional to help you decide. Licensed financial advisers, tax agents and accountants can help you understand what's involved and advise on your investment options.