IN THE past few years the Federal Government has encouraged employers, family companies and self-employed persons to set up superannuation funds to assist them in providing their own retirement benefits. Excluded superannuation funds: A superannuationfund is a trust where money or assets are held and managed on behalf of members to provide retirement income in the future. In terms of the Superannuation Industry (Supervision) Act 1993 (SIS), an 'excluded' superannuation fund is one with fewer than five members.
展开▼
