There are many benefits to creating a joint SMSF with your family. You and your partner can plan for retirement together and take advantage of new investment opportunities that an increased balance opens up. If your children are members, you can teach them about investing and the importance of building wealth for retirement. But for all the advantages, there can be problems too. This article examines both sides of the argument, enabling you to make the decision that best meets your needs.
Beginner / Advanced
It's a family affair
Many SMSF investors choose to combine their funds with their partner or kids, but it comes with both pros and cons.