Opinion
Want to set up an SMSF? Here’s what you need to know
As a general rule, at least $500,000 is needed to set up a viable DIY super fund, with the trustees/members making the investment decisions.
Michael HuttonContributorWhile there are many benefits to having a self-managed superannuation fund, they may not be the best arrangement for everyone. And the key criteria for when to set up a DIY super fund may come as a surprise.
While people tend to focus on the desire for control over investment decisions, one of the most important questions to ask is: what level of engagement and responsibility do they want to have by becoming the trustee of a superannuation fund?
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Personal finance
Fetching latest articles