A Self-Managed Super Fund (SMSF) is a type of superannuation fund that provides its members with the ability to manage and control their own retirement savings. SMSFs are governed by the Australian Taxation Office (ATO) and are regulated by the Australian Securities and Investments Commission (ASIC). They have become increasingly popular in recent years, with many Australians choosing to set up their own SMSF to take advantage of the benefits they offer. The main advantage of an SMSF is that it provides the members with greater control over their retirement savings. Members can choose how their funds are invested and can tailor their investment strategies to meet their individual needs and goals. This means that members can invest in a wide range of assets, including property, shares, and cash, depending on their risk tolerance and investment objectives. Another advantage of an SMSF is that it can be more cost-effective than other superannuation funds, especially for those with larger ...