Thinking about self-managed super fund
19 Sep 2021 updated
If you set up a self-managed super fund (SMSF), you make the investment decisions for the fund and you're held responsible for complying with the super and tax laws. It's a major financial decision and you need to have the time and skills to do it. There may be better options for your super savings.
An SMSF must be run for the sole purpose of providing retirement benefits for the members or their dependents. Don't set up an SMSF to try to get early access to your super, or to buy a holiday home or artwork to decorate your house. These things are illegal.
It's best to see a qualified licensed professional help you decide. We are here to help.