A small APRA fund (SAF) is a self-managed super fund with a professional trustee.

A SAF offers all the freedom and flexibility of a self-managed super fund but 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:

• clients who want greater control over their super investments but without the trustee responsibilities
• elderly clients who are concerned about losing capacity
• families caring for a relative with an intellectual disability
• blended families
• 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
• estate planning strategies.

AET SAF

The AET SAF is an investment and superannuation administration service with a professional trustee. IOOF Investment Management Limited is the issuer and acts as trustee for the AET SAFs.

The AET SAF gives you and your clients the simplicity of investment administration from a single platform with access to a range of assets. It offers sophisticated online reporting through one convenient online portal – AET My Portfolio

How it works

The benefits of an SMSF – none of the burden

As the trustee, IOOF Investment Management Limited, provides the fund establishment, asset and super administration and investment monitoring. The trustee also ensures that the fund meets all legislative requirements.

The AET SAF can also form part of estate planning strategies for your clients. By having a professional trustee, clients can ensure their super death benefits are paid according to their wishes.

The AET SAF services include:

• fund establishment
• asset and superannuation administration
• investment monitoring
• compliance checks – ensuring that the fund meets all legislative requirements.

View annual trustee reports and SAF administration fee calculator.

For more information, please read the AET SAF product disclosure statement, product update, investment guide, general reference guide, product list and forms booklet, or call the Client Services Team on 1800 254 180.