Simply put a super fund that is self managed. There are very specific rules and regulations around a SMSF and can be more work than a traditional retail or industry super fund
With a SMSF you (or a compnay of which you'd be a diretor) will become the trustee of the fund, but by no means does this indicate that you can do what you like with the funds.
There are many benefits and reasons for a SMSF and they are
Some more recent reasons people have been turning to a SMSF is that it allows you to buy direct property through your fund. However, it is used to purchase investment or commercial properties not an owner occupied property.
There are many variations to consider but if set up correctly can be very rewarding in the long term and can have extremely beneficial outcomes in relation to capital gains tax and taxation of investment income.
Rod Deutschbein is a registered financial adviser (#317717) operating under The FinancialLink Group Pty Ltd AFSL 240938, and an Accredited Mortgage Consultant (AMC) with the MFAA.
Atlas Financial Services is a full MFAA Member, and holds Australian Credit Licence number 378212.