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January 21, 2022

How much do you need to start a self-managed super fund?

43 minutes

Starting an SMSF can provide you with many more ways to invest your retirement savings but how much does all this flexibility cost? There are admin costs, accounting costs, investment costs and let's not forget the cost to set up the SMSF initially. All these fees can add up quickly so there are several key factors to consider before starting an SMSF, including a minimum balance.

In this episode, the SMSF Mate team talk about the factors to consider to start an SMSF in a viable way. How much do you need in the SMSF to allow for the increased cost of administering the fund and paying all the fees involved. Gareth (Marketing Guru), Ashwin (Accountant) and Tim (Financial Services) discuss the pros and cons of having a super fund with our very first guest on the show, David (Tech Genius).

You can read on the SMSF Mate website here: https://www.smsfmate.com.au/self-managed-super-fund-guide-things-to-know/

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