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SMSF rookie errors to avoid

If you’re serious about running your own fund, this is what you need to know.

John Wasiliev
John WasilievColumnist

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To set up a self-managed super fund requires a number of important decisions you must be prepared to make to give your superannuation experience not only the right start but the best prospects for success.

The decisions go beyond the practical aspects of establishing a fund. That can be ridiculously easy if someone provides you with the necessary documents that simply require signatures. These include the trust deed, which will provide you with a legal arrangement that allows investment assets to be held for the benefit of you and any other members of your super fund.

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John Wasiliev is a veteran SMSF specialist and has provided answers to readers' questions on superannuation for decades. Have a super question you'd like answered? Email John at superquestions@afr.com

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    Original URL: https://www.afr.com/wealth/personal-finance/smsf-rookie-errors-to-avoid-20211007-p58y2g