NewsBite

We have $360,000 in super. Are we wealthy enough for an SMSF?

There has been much debate about the appropriate dollar threshold for do-it-yourself super.

Penny Wise

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Dear Ms Wise, I have a super balance of $270,000 and my wife has $90,000 in super. Is our combined $360,000 enough to warrant us setting up a self-managed super fund? Gary.

The wisdom: The Australian Securities and Investments Commission previously suggested the minimum balance for an SMSF was $500,000, but in the past few years this has been revised down. Now $200,000 is considered by many to be the minimum super balance at which an SMSF can make financial sense.

Loading...

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Personal finance

Fetching latest articles

Most Viewed In Wealth

    Original URL: https://www.afr.com/wealth/personal-finance/we-have-360-000-in-super-are-we-wealthy-enough-for-an-smsf-20240819-p5k3h2