The superannuation system was established to assist individuals with their retirement plans and so, for the majority of us, our superannuation benefits are ‘preserved’.
When thinking about setting up an SMSF, you need to decide whether you want to have individual trustees, or a company trustee where you would be a director.
One of the reasons SMSFs have rocketed in popularity over the last few years is that they allow investors total control over where they invest their retirement savings.