A little help please, this is looking like bordering on over my head.
Scenario is my mother has a quite small amount of super, she has decided to trust me in getting it away from the managed super fund and into her own SMSF, with the hope of just a few extra thousand can be drawn down each year....currently she draws down approx 7k of her 130k total.
she is in her 70s with no further private income.
I filled out the on line application.
the paperwork that arrived list's both of us as members and trustees...I thought she would be both of these and me just a trustee?
did i fill the original application out incorrectly or is this simply the way it has to be??
any comment welcome and will not be treated as advice of any nature.
