Build your SMSF knowledge

Benefits of an SMSF

For most Australians, superannuation is one of the largest assets we hold and naturally we want to control it. As a trustee of an SMSF you have full control over your SMSF.

Can anyone have an SMSF?

Virtually everyone can have an SMSF. However, when you set up an SMSF, you generally also have to be a “trustee” or a director of a company that is the trustee of your fund.

Disadvantages of SMSFs

SMSFs aren't for everyone. It is important you consider all the benefits and costs of an SMSF before you make your decision as trustees are ultimately responsible for ensuring the SMSF is compliant.

Is an SMSF right for me?

Before you decide to set up an SMSF you should think about whether it’s suitable for your personal needs, objectives and financial circumstances. There are a number of things that can help you decide whether an SMSF is right for you.

Individuals

About SMSFs SMSF setup

Who can set up an SMSF together?

Almost anyone can set up an SMSF together. SMSFs can have up to four members, usually they are all in the same family and the most common combination is two spouses as trustees of the SMSF.