A self-managed super fund (SMSF) is a private superannuation fund that you own and manage. In doing so, you get to decide how to invest your super contributions, who can be a member of the fund, and ultimately, whether to keep it running. However, you're also responsible for ensuring your SMSF complies with all relevant regulations – and dealing with the consequences of non-compliance. An SMSF can be a powerful tool for saving for retirement as it offers greater control over investments, the ability to pool savings with other members, and more flexible costs. However, the process of setting up..
