A small APRA fund (SAF) is a self-managed super fund with a professional trustee.

A SAF offers the freedom and flexibility of a self-managed super fund but without the associated trustee responsibilities and risk of compliance breaches. Instead, compliance obligations are passed on to a professional trustee.

Because a SAF has a professional trustee, it can be a particularly useful tool for:

• anyone who wants greater control of their super investments but without the trustee responsibilities
• elderly people who are concerned about losing capacity
• families caring for a relative with an intellectual disability
• blended families
• a disqualified person (who can be a member of a SAF but not an SMSF)
• those moving or living overseas who can no longer be a trustee of an SMSF.

AET SAF

The AET SAF is an investment and superannuation administration service with a professional trustee. IOOF Investment Management Limited is the issuer and acts as trustee for the AET SAFs. The AET SAF provides the simplicity of investment administration from a single platform with access to a range of assets. It offers sophisticated online reporting through one convenient online portal – AET My Portfolio

Why not concentrate on your fund's investments rather than the compliance?

How it works

As the trustee, IOOF Investment Management Limited is responsible for:

• fund establishment
• asset and superannuation administration
• investment monitoring
• annual reporting
• compliance checks – ensuring that the fund meets all legislative requirements.

This means you and your adviser can concentrate on the investment strategy.

View annual trustee reports

For more information, please read the AET SAF product disclosure statement, 31 March 2022 Product update, 10 December 2021 Product update, 1 July 2021 Product update, AET SAF target market determination, investment guide, general reference guide and forms booklet, speak to your financial adviser or call the Client Services Team on 1800 254 180.