Self Managed Superannuation Funds

What are self managed superannuation funds? Self managed superannuation funds (SMSFs) are private superannuation funds that are managed and controlled by the members. These funds are sometimes referred to as 'DIY funds' (although very few members of such funds find that they can indeed 'do it themselves!'). There may be up to 4 members in the fund; and contributions can be made to the fund by members and/ or their employers. [...]