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What Is A SMSF?

A self managed super fund (SMSF), also known as DIY super, is a small superannuation fund established under Super law to give you more control of how your superannuation assets are invested. The primary purpose of a self managed super fund, like any other super fund, is to provide benefits to members upon retirement.

A SMSF is one where:
  • there are fewer than 5 members
  • each member of the fund is a trustee
  • no member of the fund is an employee of another member of the fund, unless they are related, and
  • no trustee or director of the corporate trustee can be paid for being a trustee