SMSF investing: The hidden dangers

Self managed super funds offer generous tax benefits but there are risks not mentioned on your adviser’s website. You should be aware of what they are.

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.

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