trust

Managing a Self-Managed Superannuation Fund – Penalties for Abuses by Trustee:

Managing a Self-Managed Superannuation Fund – Penalties for Abuses by Trustee:

A Self-Managed Superannuation Fund (“SMSF”) is a legal tax structure in Australia, with the sole purpose of providing for your retirement and they are used in place of paying your superannuation into a public fund. Administered by the Australian Tax Office (“ATO”), a SMSF can have between one and four members, with each member being a trustee of the fund.