SELF MANAGED
SUPERANNUATION FUNDS

CORPORATE VS INDIVIDUAL TRUSTEE

Do you want to choose how you invest and strategically manage your retirement funds?

There are a number of benefits of owning a Self-Managed Superannuation Fund (SMSF). This all begins with selecting the right type of trustee to fit your circumstances. When you establish a Self-Managed Superannuation Fund(SMSF), a trustee is required to be appointed and can either be an Individual Trustee or a Corporate Trustee. The structure can consist of up to 6 individual trustees or one company that acts as a trustee (an incorporated body that has up to six directors).

HOW TO DECIDE WHICH TRUSTEE TYPE IS SUITABLE FOR YOU AND YOUR FUND?

INDIVIDUAL TRUSTEE

  • Must have a minimum of two trustees/members(maximum 6)
  • Member can not be an employee of another member unless related
  • Degree of risk to individual trustee’s personal assets
  • When a change of trustee occurs the legal ownerof all fund assets will need to be updated
  • If super laws are breached penalties are levied oneach trustee
www.suntax.com.au

CORPORATE TRUSTEE

  • Must have a minimum of one director/member(maximum 6)
  • Member can not be an employee of another member unless related
  • Directors need to have a Director ID
  • Limited liability to the super fund assets
  • Corporate trustees exist indefinitely – changes to directors and shareholders will not affect the legal owner of the fund’s assets
  • Yearly ASIC compliance costs
  • If super laws are breached penalties are levied on the corporate trustee
The information provided in this document is general in nature and is not financial advice. Please consult your financial adviser before making any financial decisions.
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Sunbury Essendon