Setting up an SMSF – What do you need to consider?
Setting up a self managed super fund (SMSF) can be complicated. Not getting it right can materially affect your financial situation and retirement plans. But don't stress, this Insight Paper will help you ask the big questions.
Once you're sure an SMSF is the right fit for you and your specific circumstances, you also need to consider:
- Low balances
- Costs and time
- Establishment process
- Investment strategy
- Property investment
We highly recommend that you gain the advice of an SMSF Specialist when determining whether an SMSF is the right fit for you and your specific circumstances and to assist you in the establishment of a fund. To find your nearest SMSF Specialist, use our Find a Specialist function.