An SMSF is a superannuation trust structure that provides financial remuneration to its members in retirement. SMSFs can have between one and four members. The main advantages is the level of control that members have when it comes to tailoring the fund to meet their individual needs. This differs from retail and industry super funds, which are designed to benefit a large group of members, meaning decisions are based on collective interests rather than what is best suited to individuals.
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Keywords: financial services