Thinking about setting up an SMSF? For many people, SMSFs are a great option for building retirement savings, but they may not be suitable for everyone. In this first of a two-part series, we explain some of the key differences between SMSFs and public offer funds. While public offer funds are managed by professional licensed trustees, the management responsibility for SMSFs lies with the members. Every SMSF member must be a trustee of the fund (or, if the trustee is a company, a director of that company). This is an advantage for those who want full control over their … Continue reading SMSFs vs other types of funds: some issues to consider