The strategic importance of a trust deedThe trust deed of an SMSF serves as its strategic engine. An inadequate SMSF trust deed can limit the fund’s strategic opportunities, while a sound SMSF trust deed ensures that the fund can fully utilise the benefits of the Simpler Super revolution, including concessional taxation benefits and estate planning possibilities. The trustee of the SMSF is the driver of the fund. To take advantage of strategic opportunities it is crucial to ensure that the trustee has the best vehicle. There are two options for an SMSF trustee:
- The members themselves as individual trustees or,
- A special purpose SMSF corporate trustee.