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Younger investors are starting their own self managed super funds with less than you might think

More investors are kickstarting their own self managed super fund with smaller amounts of money – here’s why.

New figures show the median amount for starting SMSFs is $260,000.
New figures show the median amount for starting SMSFs is $260,000.
The Australian Business Network

Self Managed Super Funds are often associated with the very wealthy who have millions to invest, but new figures show the median amount for starting SMSFs is $260,000.

Meg Heffron is an expert in self managed superannuation funds. She joins James Kirby on this week’s edition of The Australian’s Money cafe podcast. Picture: Hollie Adams
Meg Heffron is an expert in self managed superannuation funds. She joins James Kirby on this week’s edition of The Australian’s Money cafe podcast. Picture: Hollie Adams

In this week’s episode of The Australian’s Money Cafe podcast we cover:

What are the advantages of a SMSF?

• If they are so useful, why is the sector not growing quickly?

• Exploring SMSFs to include the whole family

• The latest planned changes in super

Meg Heffron of Heffron SMSF Solutions is Wealth editor James Kirby’s guest on this week’s show.

James Kirby
James KirbyWealth Editor

James Kirby, The Australian's Wealth Editor, is one of Australia's most experienced financial journalists. He is a former managing editor and co-founder of Business Spectator and Eureka Report and has previously worked at the Australian Financial Review and the South China Morning Post. He is a regular commentator on radio and television, he is the author of several business biographies and has served on the Walkley Awards Advisory Board. James hosts The Australian's Money Puzzle podcast.

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Original URL: https://www.theaustralian.com.au/business/wealth/younger-investors-are-starting-their-own-self-managed-super-funds-with-less-than-you-might-think/news-story/17421f194349aa3013a9ac3927e1a209