How does an SMSF work?
The SMSF can have up to 4 people in it. You and your spouse, for example, can be members of the SMSF. As a member you must become a Trustee or set up a company as the Trustee that you and your spouse must be the directors of.
The Trustees of an SMSF “control” the fund and make all the investment decisions.
Control is a funny word. The real control is that you, as Trustees, have control over your future. This is your money for your retirement and for your family. The control a SuperIQ SMSF gives you is the ability to see your financial future more clearly.
The Trustees are also responsible for complying with all legal obligations. Our job is simply to work alongside of you to make sure what needs to get done, gets done.
Remember as a Trustee, you are entrusted with the care of the assets for your future. This is not an obligation to take lightly; there are rules, compliance and processes that need to be adhered to (we can help you with these). But at the end of the day, if you follow the rules, you enjoy significant tax advantages.