Opinion
How a six-member SMSF could benefit you
Small businesses and families with pooled assets could find extra flexibility as well as lower fees by taking advantage of the relaxation of the size limit.
John MaroneyContributorThe federal government has introduced legislation to Parliament to increase the limit on the number of members in a self-managed super fund from four to six.
Although it’s unlikely to affect many SMSFs – about 93 per cent of funds have only one or two members – for a minority, it will provide additional flexibility and choice without raising any substantial integrity or administration issues.
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