Every year 60,000 Australians establish a self-managed superannuation fund (SMSF). With this phenomenal growth, SMSFs should really stand for "so many, so fast". While more than 1 million people have their own SMSF, others wonder whether they should have one while many know little about them.

If you're the latter, don't feel guilty. Irrespective of whether this is an SMSF refresher or an introduction, hopefully it informs your decision-making.