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Self Managed Super Funds
Having your own personal self managed super fund (SMSF) gives you more control over your retirement savings.
SMSFs are regulated by the Australian Tax Office (ATO) and are generally suitable for high net worth individuals, family members and those who have already accumulated at least $200,000 in superannuation. SMSF’s are limited to a maximum of four members all of whom must be a trustee. There are certain obligations that trustees must meet and it is important to understand there are penalties for trustees who do not comply with the relevant legislation.
The ATO provides fact sheets on SMSF’s on their website www.ato.gov.au
Wilson HTM specialises in SMSF advice
Our advisers can provide you with ongoing or one-off advice on your SMSF including:
- Whether or not a SMSF is suitable for you
- How to correctly set up your SMSF
- Your obligations as a trustee
- The right SMSF investment strategy for you
- Your SMSF insurance and estate planning options
- How best to maximise your SMSF as you approach, or transition to, retirement
A correct set-up is essential as non compliance with the relevant legislation can impact your ability to maximise the benefits of your SMSF.
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There are a wide range of strategy options available to SMSF trustees once the fund has been established.
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