What is a Self Managed Super Fund?

A Self Managed Super Fund(SMSF);

  • Has less than 5 members;

  • Each individual trustee of the fund is a fund member;

  • Each member of the fund is a trustee;

  • No member of the fund is an employee of another member of the fund, unless those members are related;

  • The trustee can be a corporate entity;

  • No trustee of the fund receives remuneration for his or her services as a trustee; and

  • A SMSF is registered with, reports to and is regulated by the Australian Taxation Office