Should I set up an SMSF

Should I set up a SMSF?

Starting a SMSF – Should I set up a SMSF?

Self Managed Superannuation Funds (SMSF) are a type of superannuation fund that can be utilised to save for retirement. Self Managed Superannuation Funds arguably provide individuals the highest level of flexibility, allowing investments in any form allowed under the Superannuation Industry (Supervision) Act 1993. With the added flexibility comes added responsibility and the decision to set up a SMSF is one that should not be taken lightly.

Buying Trauma Insurance in a SMSF

Both Trauma Insurance and SMSF’s have grown in popularity in the last decade. With insurance available in SMSF’s many trustees have sought to take Trauma Insruance in their SMSF. There are a number of considerations that need to be considered including the sole purpose test. We discuss the advantages and disadvantages of Trauma Insurance in SMSFs.