A SMSF is a private superannuation fund which can be managed by yourself with the purpose of saving at the retirement Age. and regulated by ATO.
Well, it is important to known that everybody not able to save money that way. This things is depends on risk taking, bundle of money available for only investments and individuals skills.
There are some advantages and disadvantages of SMSF funds.
Advantages of SMSF
If you decide to set up a SMSF, You and only you liable for your investment, even if you get professional help for investments. so be careful whenever make any investment related decision
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