Self-managed super funds (SMSFs) are a popular option for Australians who wish to take greater control of their retirement savings. These funds offer a range of benefits, including the ability to make investments tailored to your needs and preferences. However, SMSFs also require more effort than other superannuation funds, which can be off-putting for some investors.

Setting up an SMSF is not something that should be entered into lightly - it requires considerable research and knowledge of the investment market. You need to understand the trustee's responsibilities and comply with Australian Taxation Office (ATO) regulations – something which can be difficult for those without prior experience in this area. You must seek professional advice from an accountant or financial adviser before making any decisions about setting up your fund. In such scenarios, experts from Upedge assist you in ensuring full compliance with all applicable laws, regulations and tax laws.