Should I start my own SMSF?

If you’re asking that question of your own volition, the answer is probably ‘yes’. I say that because having an interest in taking control of your super is half the battle. Industry and retail super funds promote the idea of a ‘minimum balance’ but you really don’t need as much as their marketing departments would like you to think. Technology is rapidly eating away at administration costs – you can now run a SMSF for less than $1,000 per annum through an online provider – so if you’ve got $100,000 or thereabouts you’re in the game. Before these new services,...

If you’re asking that question of your own volition, the answer is probably ‘yes’. I say that because having an interest in taking control of your super is half the battle.

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