Self-managed superannuation funds (SMSFs) are established by investors who seek greater independence in managing their super fund and a more hands-on approach over their choice of investments.
An SMSF is a private superannuation fund managed by a group of up to four members and is regulated by the Australian Taxation Office. All members must be trustees (or directors if there is a corporate trustee) and are legally responsible for decisions made about the fund, and its investment strategy and execution. Although many Australians have turned to SMSFs for greater control, flexibility and choice, increased complexities, rules and severe ATO penalties mean they’re not for everyone.
Ords' financial planning professionals have all the expertise and resources to help you evaluate whether an SMSF is the best solution for you, and to help you establish and maintain your fund.