Reserves – basics you need to know

Reserves in a superannuation fund can be regarded as monies which form part of the net assets of the fund and which have been set aside for a clearly stated purpose. Before setting up a reserve account, trustees need to be mindful of the following requirements:...

Types of reserves

There are several types of reserves that an approved SMSF can have. The following four are the most common. Please click on image below to view larger version.