The ATO website contains some revealing data on the increasing attractiveness of setting up, and being a member of, a Self Managed Super Fund (SMSF).
In the five year period to June 2014, there was a more than 33 per cent increase in the number of SMSFs in Australia.
This means there are now well over half a million SMSFs, and the more than 1 million members (trustees) of these funds are enjoying all the advantages that a SMSF has over traditional public superannuation funds. [1]
- ATO SMSFs Quarterly Reports
Control over your destiny
Why then are so many Australians making the move into SMSFS? Continue reading SMSFs: Control your saving for retirement