Introduction to SMSFs – SMSF Compliance Basics 2025

Get started with the basics of Self-Managed Superannuation Funds, including eligibility, who's involved, and the main stages in the life cycle of an SMSF.

In this unit, we cover:

• Case Study – Meet the McCords

• What is superannuation?

  • Background & the superannuation ‘marketplace’

  • Types of superannuation funds

  • Comparing large APRA funds vs SMSFs

• SMSF Basics: What is an SMSF, Who’s it for, and Who’s involved?

• The Life Cycle of an SMSF

  • Establishment

    • Trustee declarations

    • Establishing a corporate trustee

    • The SMSF fund deed

  • Maintenance

    • Keeping an SMSF compliant

    • Consequences of SMSF breaches

    • Consequences of trustee breaches

  • Winding up

    • Why would an SMSF wind up?

    • Steps for winding up

Date recorded: 5 June 2025