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What is a DIY Fund?

April 26, 2017DIY fund

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What is a DIY Fund?

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DIY funds also known as Self Managed Superannuation Funds (SMSF) perform the same role as other super funds, by investing contributions and making them available to members on retirement. The difference is, generally, that the members of self managed super funds are also the trustees – they control the investment of their contributions and the payment of their benefits. With all members being trustees, they are in a position to ensure their interests as members are protected.