If you would like to make investment decision for your fund and you’re held responsible for complying with the super and tax laws so you can set up a self-managed super fund (SMSF).
You can make a super savings by your employer and it’s major decision and you need to have the time and skills to do it.
An SMSF must be run for the sole purpose of providing retirement benefits for the members or their dependants.
Be careful, Please don’t try to get early access of your refund unnecessarily such as to go on holiday, do your artworks to decorate your house. This is because this things are illegal.
It is important to have the time and skills to manage your SMSF. As a trustee of an SMSF you and only you are responsible to manage your SMSF within the law. in case of if you don’t , You may be penalize and you may have to face severe tax consequences.
You can find that the fees you pay for an SMSF is more than normal type of super fund.