Self-Managed Superannuation (SMSF) Insurance Advice
A Self-Managed Superannuation Fund (SMSF) is a super fund that can have up to six members, where the members are trustees of their own fund, allowing them more control and flexibility. One of the significant obligations of an SMSF trustee is to ensure that the trustee has adequately considered the member's insurance needs. Failure to do this properly can attract significant penalties from the ATO, which regulates SMSFs. Why do people choose to have an SMSF?
- Potentially greater control of your super,
- More flexibility and investment choices,
- As an alternative to the large industry or retail super funds,
- We can help to ensure you comply with your obligations as trustees for the insurance of members' obligations in your SMSF.
To speak to our team about your SMSF Insurance needs, click here