Self-Managed Super Fund (SMSF)
A Self-Managed Super Fund is a private superannuation fund that you manage yourself, giving you full control over investment decisions.
Quick Reference:
More Control. High Balance. Reporting Requirements.
Expanded Explanation:
An SMSF allows members to directly control their super investments from shares and property to term deposits and managed funds. Trustrees are legally responsible for the funds compliance with ATO rules. While it offers flexibility, it also involves significant rsponsibility and cost, so SMSF generally suit those with financial experience and balance over $300,000 or so.