The Leading Member SMSF has its roots in older employer super funds where a member’s employer had control over the Trustee, its membership and even its finances. The Leading Member SMSF does not go that far but is definitely legal. To date there have been no known cases against employer superannuation funds being illegal.
Articles in this section
- What is a Leading Member SMSF and how is it different to a standard SMSF?
- What are the benefits of a Leading Member SMSF?
- Are there any risks associated with a Leading Member SMSF?
- How does the Trustee ensure that the Leading Member acts in the best interest of the Fund?
- What happens if I do not appoint a 2nd Leading Member, and the 1st Leading Member passes away suddenly?
- I’m nervous about appointing one person in a Fund as a Leading Member. Are we giving full control of the fund to this person?
- Is a Leading Member SMSF or Trust the same as Bloodline?
- Is a Leading Member fund legal?