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Post by wayneshultz on Jun 18, 2024 15:40:30 GMT 1
A Self-Managed Superannuation Fund (SMSF) is a type of Australian superannuation fund that allows individuals to manage their own superannuation savings. An SMSF is a trust structure where the members (usually 1-4 people) are also the trustees, allowing them to make investment decisions and manage their superannuation funds. SMSFs offer flexibility and control, allowing investors to tailor their investment strategy to suit their individual needs and goals. However, they also come with increased responsibilities, including compliance with regulatory requirements, tax obligations, and insurance requirements. SMSFs are popular among high-net-worth individuals and those seeking to diversify their investments, as they offer a range of investment options, including property, shares, and managed funds. SMSF Sydney
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