A Self Managed Superannuation Fund (SMSF) is exactly that, a fund that you manage for the sole purpose of you and the other members, if any, retirement.SMSFs are highly regulated by the Australian Taxation Office (ATO); and will require the services of an accountant to deal with the income tax return and record keeping, an auditor who will audit the income tax return and record keeping each year and often a financial planner to provide advice and/or manage the investments.