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How much do I need to set up a Self Managed Super Fund?


If you want to start of Self Managed Superannuation Fund (SMSF) the Australian Securities and Investment Commission (ASIC) recommends a minimum fund balance of $200,000. Less than this can be considered as not cost effective.

This is also dependent on your circumstances and objectives, as you should still consider setting up a SMSF with less than $200,000 if:

Some of the flexibility and control that attracts people to a SMSF include:

  • Greater control of your investments.
  • Ability to pool funds with up to three other individuals.
  • Effective tax management.
  • Retirement and estate planning flexibility.
  • Capacity to purchase a large asset e.g. property.

It also gets you actively involved with your superannuation and more focused on your end game.


More Information

If a SMSF sounds like something that may suit your situation:

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Trustee Training Video

July 24, 2017

When you set up a SMSF, you become the trustee of your SMSF.  You can have the fund’s technical aspects handled by qualified experts but you are still the ultimate boss. In this video, Brenda Hutchinson, Partner Superannuation Advisory and Audit, will cover your role and responsibilities of being a trustee and more! Ensure you are the […]