Superannuation is a type of retirement savings plan that is compulsory for most Australian employees. It’s designed to help people save money for their retirement years. One type of superannuation fund is a self-managed super fund (SMSF), which is a private fund that you manage yourself. SMSFs provide more control over your investments and allow you to tailor your investments to your individual needs. They can be a good option for those with a higher level of financial knowledge and experience. If you’re interested in setting up an SMSF or want to learn more about superannuation in general, it’s important to seek professional advice.
