Self-managed super funds (SMSFs) are now the largest and fastest growing segment of the super industry.
For trustees of SMSFs, managing your own fund and getting it right is very important. There are many rules and regulations in the various laws that govern super that are designed to protect your retirement income. As a trustee, you need to adhere to the rules and know that you are ultimately responsible for the running of the fund, even if you use tax, financial and super professionals to help to manage it.
Regulating SMSFs is an important responsibility entrusted to us. We provide products and advice to support you and help you to comply with the rules and regulations. But not everyone does the right thing and we have a growing audit program to address these risks.
You and the other members of your SMSF have now taken responsibility for managing your retirement savings and complying with super and tax laws. This publication should help you do this.
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