The big difference is that an SMSF is run by you, which is where the extra control, effort and responsibility comes in.
By choosing to manage your super through an SMSF, you, as the trustee is responsible for both the selection and management of the fund’s investments and ensuring that the fund complies with relevant laws.
A self-managed super fund (SMSF) is a superannuation trust structure that provides benefits to its members upon retirement.
The main difference between SMSFs and other super funds is that SMSF members are also the trustees of the fund.
MGI Cairns can speak with you regarding starting your own self-managed super fund (SMSF) or if you’re looking at new ideas for your retirement super fund.
MGI Cairns Pty Ltd (ASIC No. 1240592) ABN 95 161 326 245 is a Corporate Authorised Representative of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361.
At MGI Cairns we have prepared a series of solutions data sheets and other publications to better help and inform our clients.
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