Starting from the 1st of July 2021, The maximum number of members allowed in a Self-Managed Superannuation Fund (SMSF) and an APRA fund will increase from four to six.
The way the structure works is a SMSF can have individual trustees or a corporate trustee where all members are directors of that corporate trustee.
A SMSF is a type of trust, therefore it is important that you seek professional advice to understand how any changes may impact you.
For more information or assistance please contact Infinite Accounting Solutions on 02 9899 4730 or via the contact page at www.ias-ca.com.au