What exactly is an SMSF?
A self managed superannuation fund (SMSF) is a super fund where you’re in control. You’re not only a member but also a trustee. You choose the investment strategy and manage the investments.
An SMSF is flexible enough to allow you to invest in different assets like property, private companies, and international assets.
As of 1 July 2021, an SMSF can now have up to six members (read more about it here). Pooling your funds to build up the balance can give your SMSF more investment options.
Ready to get started?
To establish your fund you will need:
✓ A name for your SMSF
✓ Personal details for each member including tax file numbers
✓ If you intend to use a corporate trustee, the name you would like to use for this company
✓ Identification documents for yourself and each fund member, eg. driver’s license, Medicare card, passport