The self managed super fund is the strongest performing Superannuation sector in Australia. In a very short time, it has created a space for itself. The amount of flexibility and control it offers to you is next to none. I’m sure we all are aware of the advantages of self managed super funds.
However, it is also critical that you understand the rules governing your self managed super fund or you may end up wasting all the advantages.
Listed below are the most important rules for SMSF funds that you absolutely must know to keep your fund safe and growing. Ignore these and risk potentially hefty fines.