Why your SMSF needs a corporate trustee

Key Points Most SMSFs have individual trustees but would benefit from a corporate trustee despite the small extra cost If you’re setting up an SMSF, a corporate trustee is strongly recommended If you already have an individual trustee, consider an appropriate time to change before you’re forced into it by circumstance Background One of the first questions for everyone that sets up a SMSF is: Should I have a corporate trustee? According to the statistics, most SMSF members say ‘no’. Most should be saying ‘yes’. The basic requirements for SMSF trustees (as set out in the loan to valuation...

One of the first questions for everyone that sets up a SMSF is: Should I have a corporate trustee? According to the statistics, most SMSF members say ‘no’. Most should be saying ‘yes’.

The basic requirements for SMSF trustees (as set out in the loan to valuation ratio (LVR) with a corporate trustee in place.

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