Small APRA fund (SAF)
A small APRA fund (SAF) is a personal superannuation solution with a professional trustee.
A SAF offers a tailored personal superannuation solution without the associated trustee responsibilities and risk of compliance breaches. Instead, compliance obligations are passed on to a professional trustee.
Because a SAF has a professional trustee, it can be a particularly useful tool for:
- anyone who wants greater control of their super investments but without the trustee responsibilities
- elderly people who are concerned about losing capacity
- a disqualified person (who can be a member of a SAF but not an SMSF)
- those moving or living overseas who can no longer be a trustee of an SMSF.
Resources