SMSF investing: The hidden dangers

Key Points SMSFs offer generous tax benefits and control over your savings Greater control increases the risk of falling prey to pitfalls Many SMSF investors are loading up on risks of which they are blissfully unaware The Myth Advisory websites sell SMSFs as a tax benefit nirvana, offering the chance to ‘take control’ and ‘boost your returns’. Frequently, the text is accompanied by an image of a retired couple, strolling along a sandy beach, hand in hand like young lovers with not a care in the world. The message is subtle but clear: Set up an SMSF and live...

Advisory websites sell SMSFs as a tax benefit nirvana, offering the chance to ‘take control’ and ‘boost your returns’. Frequently, the text is accompanied by an image of a retired couple, strolling along a sandy beach, hand in hand like young lovers with not a care in the world. The message is subtle but clear: Set up an SMSF and live your dreams; live the good life.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles