Frequently Asked Questions

 An SMSF (Self-Managed Super Fund) is a private superannuation fund that is managed by its members. It is a type of retirement savings vehicle that allows individuals to have greater control over their superannuation investments and retirement savings. 

Some of the benefits of having an SMSF include greater control over your superannuation investments, the ability to tailor your investment strategy to your individual needs, potentially lower fees and expenses, and the ability to pool resources with other members of the fund. 

 An SMSF can have between 1 and 6 members. 

 Yes, you can set up an SMSF with your spouse or other family members. 

SMSF trustees are responsible for managing the fund, making investment decisions, and ensuring that the fund complies with all relevant laws and regulations. Engaging us will enable you to take our expert help in understanding any complex rules applying to you as a trustee of the fund.

The investment options for an SMSF can include cash, term deposits, shares, property, and managed funds. Other investments that are less common but allowed are Crypto Currencies, Gold & Silver Bullions, collectables, etc. Additional rules may apply for unusual investments and their acquisition.

Yes, an SMSF can borrow money to purchase property through a limited recourse borrowing arrangement (LRBA). A separate Bare trust structure is required for such an arrangement. There are also additional requirements for related party borrowings.

We can assist you with setting up your SMSF. Please complete the online form or contact us for more details.

Setting up the fund doesn't take very long as ABN is issued almost instantly in most cases. Fund will usually be required to wait for TFN which takes up to 28 days, along with time to get the complying status for the fund. After the fund is complying, members are allowed to rollover their super from their Industry or Retail funds.