A self managed super fund (SMSF) is a trust structure, established through a trust deed that can be used to manage retirement savings on behalf of its members. SMSFs are established for the sole purpose of providing financial benefits to its members in retirement, and can be passed to beneficiaries upon death. The difference between an SMSF and other types of fund is that the members of an SMSF are usually also the trustees. This means the members of the SMSF run it for their own benefit and are responsible for complying with the super and tax laws.
A self managed super fund (SMSF) is limited to four members. It can provide the members with greater control over their super fund assets.
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