Similarly to all other superannuation funds, a self-managed super fund (SMSF) is a way of planning for your future and saving for retirement. This option does however come with a certain degree of complexity, is a major financial decision and is therefore not for everyone.
The main difference between an SMSF and general super fund is that you are not just a member, but also a trustee. This means you are responsible for managing the fund according to its trust deed and the laws and rules that apply, in addition to meeting a number of administrative obligations.
Although there is a great deal of complexity and responsibility associated with a SMSF, with the right financial advice it is made possible.
Whether you are seeking advice, want to explore your options or are ready to make the commitment, RFS Wealth Creation can help. Contact us
today to meet our Certified Financial Planner.