A Self Managed Super Fund (SMSF) is a form of retirement savings governed by law that can offer members greater control over their retirement savings over and above all other types of superannuation funds. An SMSF can also be referred to as 'Do it Yourself' superannuation (DIY super).
Under the SMSF structure, up to four individuals can effectively ‘pool’ their funds, which provides to individuals the opportunity to become their own ‘trustee’ rather than have an investment bank or Superannuation Company controlling the decision making related to their assets.
Self Managed Superannuation Funds are very flexible in terms of what they can invest in, and this is very beneficial for investors with preferences for choosing their own investments.
What Can An SMSF Invest In?
Some examples for what an SMSF can invest in are below. however the list is not exhaustive: