SELF MANAGED SUPER FUND (SMSF)
You may decide to take a more active role in superannuation by considering a self-managed super fund. An SMSF gives you more control over how you manage your own superannuation. Over 1 million Australians have switched from retail or industry funds to self-managed super funds.
If you are thinking about investing in property for instance, but don’t have enough funds to make an outright purchase, it is possible to borrow through an SMSF and receive many of the same benefits as traditional property investment.
SMSF is a way of saving for your retirement. The difference between an SMSF and other types of funds is that the members of an SMSF are usually the trustees. This means the members of an SMSF run it for their benefit and are responsible for complying with Superannuation and Tax Laws.