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Meg Heffron

How to hand over the reins in your SMSF

Six-member DIY super funds can offer a smoother transition as parents age, rather than having to decide a cut-off point.

Meg HeffronContributor

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There was a time when people chose to wind up their self-managed super fund well before they got “old”. But times have changed.

Now there are more funds, and many of them have older members with big balances. While there are good reasons to keep those funds going (often until both members die), this creates a new problem – how to manage the fund if the members live to a very advanced age.

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Meg Heffron is managing director at SMSF specialist firm Heffron.

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    Original URL: https://www.afr.com/wealth/personal-finance/how-to-hand-over-the-reins-in-your-smsf-20210830-p58nc9