There are about 650,000 self-managed super funds in Australia, looking after more than $1 trillion in retirement funds. And that number is growing. Individuals and their trustees are increasingly confident about looking after their own money as they head towards retirement.
But holding a SMSF isn’t always what it’s cracked up to be. Away from investing your money, there are rules around compliance, investment strategies, annual meetings and a host of other things.
Sean Aylmer speaks to Kate Anderson, General Manager of NowInfinity, for a guide to the non-investing parts of owning a SMSF.
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