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How It Works

Members of a self managed super fund also act as trustees and therefore will be involved in the operation of the fund including making investment decisions.

A self managed super fund must have its own bank account which you as trustee/member operate. Rollovers from other super funds, and all contributions - personal, employer, spouse, and government are deposited into the self managed super fund's bank account for you to invest. Super law allows you to formulate and implement an investment strategy for your self managed super fund and invest the money accordingly. Income derived from investments can be used to make further investments.

The money in the bank account may be used for payment of fund expenses (such as taxes and accounting fees) and of course payment of pension and lump sum benefits to members upon retirement.