{"id":4837,"date":"2014-07-23T07:34:18","date_gmt":"2014-07-23T07:34:18","guid":{"rendered":"http:\/\/catalystsuper.com.au\/?page_id=4837"},"modified":"2014-09-11T04:08:18","modified_gmt":"2014-09-11T04:08:18","slug":"smsfs","status":"publish","type":"page","link":"https:\/\/staging.catalystsuper.com.au\/?page_id=4837","title":{"rendered":"What is Self -Managed Superannuation?"},"content":{"rendered":"<div class=\"title\"><h2> What is Self\u00a0-Managed Superannuation?<\/h2><div class=\"title-sep-container\"><div class=\"title-sep\"><\/div><\/div><\/div>\n<p>Superannuation is a long-term savings method designed to provide enough money for people to lead the lifestyle of their choice in retirement.\u00a0 Australia has an ageing population which is creating an ever-increasing need for Australians to fund their own retirement.\u00a0 Therefore the Federal government has structured superannuation as a tax-effective method to encourage Australians to save more for retirement.<\/p>\n<p>A self-managed super fund (SMSF) is a superannuation fund which has less than five members and is basically managed and controlled by its members.\u00a0 The members are required to be trustees of the fund or directors of a company which is the trustee of the fund.\u00a0 Given that the members and the trustees of the SMSF are effectively the same people, a SMSF enables a more direct involvement in the day-to-day activities and operation of the fund including investment decisions, accepting contributions, paying superannuation benefits to members, administration of the fund, and compliance with the law.\u00a0 SMSFs are governed by a trust deed (a legal document) and the Superannuation Industry (Supervision) Act 1993 (Cth) (SIS Act), and are regulated by the Australian Taxation Office.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Superannuation is a long-term savings method designed to provide enough money for people to lead the lifestyle of their choice in retirement.\u00a0 Australia has an ageing population which is creating an ever-increasing need for Australians to fund their own retirement.\u00a0 Therefore the Federal government has structured superannuation as a tax-effective method to encourage Australians to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"side-navigation.php","meta":{"footnotes":""},"class_list":["post-4837","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/staging.catalystsuper.com.au\/index.php?rest_route=\/wp\/v2\/pages\/4837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.catalystsuper.com.au\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/staging.catalystsuper.com.au\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/staging.catalystsuper.com.au\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.catalystsuper.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4837"}],"version-history":[{"count":16,"href":"https:\/\/staging.catalystsuper.com.au\/index.php?rest_route=\/wp\/v2\/pages\/4837\/revisions"}],"predecessor-version":[{"id":4968,"href":"https:\/\/staging.catalystsuper.com.au\/index.php?rest_route=\/wp\/v2\/pages\/4837\/revisions\/4968"}],"wp:attachment":[{"href":"https:\/\/staging.catalystsuper.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}