What funds are used to create a SMSF?
There are 3 ways of transferring money or assets into a fund: • make a contribution to the fund • roll over existing superannuation benefits into the fund • purchase assets by the trustee of the fund Another benefit of a SMSF is the ability to consolidate your superannuation (particularly if you have a range of super funds). Consolidating your funds can save on the high fees you pay for managed funds to manage your money.
