Self-Managed Superannuation Fund (SMSF) is a private superannuation fund that you manage yourself, rather than having a professional fund manager do it on your behalf. It is a popular retirement savings option for those who want greater control over their superannuation investments. With a SMSF, you have the flexibility to choose your own investments, including shares, property, and other asset classes. This can potentially provide you with greater returns on your investment and more control over your retirement savings. However, managing an SMSF can be complex and time-consuming, and it may not be suitable for everyone. It requires significant knowledge of superannuation regulations, investment strategies, and tax laws, as well as ongoing administration and record-keeping.