PKF Perth

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5th Annual SMSF Conference 2018

SMSF - should you have a corporate trustee or individual trustees?

15 Sep 2015

One of the most important decisions to make when establishing a self managed superannuation fund (SMSF) is whether to have a corporate trustee or an individual trustee.

This decision has to be made early in the establishment process as it will have possible consequences later on.

Most SMSF professionals are of the opinion that a SMSF should have a corporate trustee and for good reason. The decision to appoint a corporate trustee at the establishment of your SMSF is important because if you do decide to appoint a new trustee after establishment it can be a complicated and costly exercise to change trustees.

Your establishment costs are more expensive to appoint a corporate trustee rather than individual trustees. In fact the cheaper establishment fees and ongoing savings of annual ASIC fees would be the only real advantage of having individual trustees.

An  outline of the advantages of appointing a corporate trustee for your SMSF can be found on the PKF Australia website, here.

If you would like to establish a SMSF or have any questions regarding Superannuation, please get in touch with any of our Superannuation team.

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