In this episode of SMSF Insider, host Troy, founder of Blue Chip SMSF Services, tackles the most common myths about self-managed super funds (SMSFs) and what you really need to know before setting one up.

From rolling over the wrong kind of super fund to misunderstanding how deeds, property rules, and tax benefits work, Troy breaks down the biggest misconceptions that often cost Australians time, money, and compliance headaches. Whether you’re thinking about starting an SMSF or already have one, this episode clears up confusion and gives you practical insight to stay compliant and make smarter investment choices.

Ready to finally take control of your take control of your retirement savings and stop leaving your future in someone else’s hands? Book your free call with our team today to find out more: https://www.bcsmsf.com.au/contact-us/

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Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances.

Timestamps:

00:00:00 - 00:00:00: Introduction

00:01:01 - Myth 1: You can roll over any super fund into an SMSF

00:03:10 - Myth 2: All SMSF deeds are the same

00:03:44 - Myth 3: You can use your SMSF to buy your own home or holiday house

00:04:38 - Myth 4: You can buy assets personally using SMSF money

00:05:50 - Myth 5: SMSFs can invest in anything

00:06:30 - Myth 6: Borrowing through an SMSF works like a normal loan

00:07:05 - Myth 7: Crypto investing in SMSFs is unregulated

00:07:24 - Myth 8: You can contribute as much as you like into super

00:08:36 - Myth 9: Setting up an SMSF online is cheaper and just as good

00:10:18 - Myth 10: You can freely renovate property inside your SMSF

00:10:55 - Myth 11: SMSFs automatically lower your tax