Sargon SAF

The flexibility of self managed super funds without the complexity

A Small APRA Fund (SAF) is essentially a self-managed super fund (SMSF) with a professional trustee.

A SAF offers the freedom and flexibility of a SMSF without the associated trustee responsibilities and risk of compliance breaches. Compliance obligations are managed by a licenced trustee company.

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Flexibility, without the risks and complexity

Because a SAF has an independent trustee, it is suitable for people who want control of their super investments but without the trustee responsibilities and associated administrative burden, risks, and complexity.

Rely on our compliance expertise and corporate strength

Powering over $40bn of assets, Sargon has significant experience in being the professional trustee for a range of institutional, corporate and investment products. By relying on Sargon, you can leverage our economies of scale and best-in-class compliance expertise.

Transition from existing self-managed super funds (SMSFs)

Sargon can assist with the transition of your existing SMSF to a Sargon SAF. By relying on Sargon for your trustee, investment and administration services, you can reduce the costs, risks and complexities typically associated with SMSFs.

Why SAF vs SMSF?

Compared to a self-managed superannuationf fund (SMSF), a Small APRA Fund (SAF) has an independent trustee. Because of this, it can be a particularly useful tool for:

  • People who want control of their super investments but without the trustee responsibilities
  • Elderly people who have lost or are losing capacity
  • Families caring for a relative with an intellectual disability
  • 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 trustee of an SMSF
  What is a SAF?
ArticleSmall APRA Fund as an Exit Strategy for SMSF Trustees

The main advantage of running an SAF is that the compliance risk is borne by the professional licensed trustee whose core responsibility is the provision of trustee services. If an SAF is in breach of the rules, the members of the fund will not be liable for the compliance mistakes of the professional trustee.

ArticleSAFs to become a serious consideration for planners and investors post July 2016

SAFs have not been well understood or utilised, even by planners and accountants that are aware of them. Many believing SAFs are just a more expensive and less flexible alternative to an SMSF and in doing so, have overlooked many benefits not found in SMSFs.

ArticleWhat's the difference between SMSFs and SAFs?

Both SMSFs and SAFs are trusts and therefore need trustees. The difference is who can be a trustee of each entity. SAFs operate under a very different set of rules. The super laws define a SAF as a Registrable Super Entity (RSE). This means that a SAF’s trustees can only be those organisations that hold a Registrable Super Entity Licence issued by APRA.