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The last decade has seen a massive growth in Australian individuals and families opting to manage their own Superannuation funds/retirement savings.

The self-management and growth of retirement savings is in the form of a Self-Managed Superannuation Fund (SMSF).  APRA reported that SMSF assets at the end of March 2016, was $589.9 billion.  This is almost 30% of the total superannuation asset pool of $2032.4 billion.  At the end of 2015 there was close to 600,000 SMSF’s established with thousands more being created every quarter.  The average SMSF balance is now more than $1 million.

This blog explores the rapidly growing business structure of Superannuation Funds in the areas of; tax, asset protection, control and succession, set-up and ongoing costs, and flexibility.

Read more of Katherine Hawes’ article for Women’s Network Australia here: