Disadvantages of SMSFs

The Disadvantages of SMSFs: Understanding the Challenges

Self-managed super funds (SMSFs) offer individuals greater control and flexibility over their retirement savings, but they also come with several disadvantages that warrant careful consideration. Understanding these drawbacks is essential for individuals contemplating the establishment of an SMSF to make informed decisions aligned with their financial goals and capabilities. 1. Read More

What is a corporate trustee of an SMSF diagram

Should I Use a Corporate Trustee or Individual Trustees for My SMSF?

A Self Managed Super Fund (SMSF) can have either individual people or a company as its trustee. The trustee, responsible for managing the trust’s assets, plays a crucial role in the SMSF’s management and continuity. Given the complexity of SMSFs, involving trusts, superannuation, estate planning, and investing, selecting the… Read More