What is a Self Managed Super Fund?

A Self-Managed Super Fund (SMSF) is a super fund that has four or less members and each member is a trustee of the super fund. As a trustee, you are ultimately responsible for the running of the fund and it is therefore imperative that each trustee understands the duties, responsibilities and obligations of being a trustee.

It is the trustee’s responsibility to ensure that a SMSF is operated for the sole purpose of providing retirement benefits for members or their dependants.