What is an SMSF?

A Self Managed Super Fund (SMSF) is essentially a small superannuation fund whose members take control of their investments directly.

There are usually 3 parties involved in running a SMSF.


SMSFs have the following characteristics

  • Up to 4 members
  • Each member must be a trustee of the fund and the trustees do not get paid for their duties
  • A trust deed that complies with the Superannuation Industry Supervision Act 1993 (SIS Act)
  • Strict compliance obligations that must be adhered to
  • Lodgement of annual regulatory requirements and tax return