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Thinking about starting a self-managed super fund (SMSF) or optimising your current setup? In this episode, Kerry Fleming is joined by Meleena Mitchell, Head of SMSF at TIP Group, to break down everything you need to know about SMSF trustee structures. Discover the pros and cons of individual vs corporate trustees, how to avoid costly mistakes, and why your choice now can save you time, money, and stress in the future.

In this episode:

  • What is an SMSF trustee—and why does it matter?
  • Individual vs corporate trustees: setup, costs, risks, and admin
  • How penalties are applied (and why structure matters)
  • What happens when a member dies or leaves the fund
  • Special rules for single-member SMSFs
  • Practical tips for smooth SMSF setup and compliance

Timestamps:
00:00 – Introduction
01:00 – What is an SMSF trustee?
03:00 – Individual trustee: pros and cons
06:00 – Corporate trustee: setup, costs, and benefits
12:00 – Penalties and asset separation
15:00 – Single-member SMSFs: what are your options?
18:00 – What happens when a trustee dies?
22:00 – Real-world tips for SMSF success
24:00 – How to get help and next steps

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25 episodes