What is an SMSF?
A self-managed super fund (SMSF) is a way of saving for your retirement. The difference between an SMSF and other types of superannuation funds is that the members of an SMSF are usually also the SMSF trustees.
This means the members of the SMSF run it for their benefit and are responsible for complying with their trust deed and also super and tax laws.