6 Member SMSF

On 1 July 2021, new rules came into effect to allow Self-Managed Superannuation Funds (SMSF) to appoint a further 2 members into the fund, allowing a SMSF to now have up to six members.

As a result, it can now be considered whether individuals should take advantage of these new rules to either establish a new ‘family’ SMSF or add additional members to an existing SMSF. While these new rules could benefit some individuals and family groups, there are also potential risks and disadvantages when increasing the number of SMSF members.

Click on the link to read the full article. 220201_6-Member-SMSF-Article.pdf (361 downloads )