Self-managed super funds (SMSFs) are the fastest growing super sector in Australia.
One of the key reasons for their growing popularity is the level of investment
freedom they offer.
With an SMSF you can create your own investment strategy and select from a broader range of investments.
While running an SMSF can give you greater control of your retirement savings, it’s a big commitment that involves additional responsibilities.
To make running an SMSF a cost effective exercise, you and your fellow members will typically need upwards of $350,000 in total in your SMSF.
The MCL guide to running a Self Managed Superannuation Fund (SMFS), very helpful if your are considering setting up a your own SMFS.