In this episode of The Property Nerds, we're back with Ronesh Hargovind from Incentum Group to get the truth about Self Managed Super Funds (SMSFs), one of Australia’s fastest growing wealth building strategies.

You’ll learn:

• How much money you actually need to start an SMSF

  
  

• The tax advantages and compliance rules every investor should know

  
  

• The key differences between financial planners and accountants

  
  

• The biggest mistakes Australians make with SMSFs and how to avoid them

  
  

• The pros and cons of using trust structures when investing in property

  
  

  
  

Whether you’re an Australian property investor, business owner, or someone curious about taking control of your superannuation, this episode gives you the full picture, from setup and strategy to long term retirement planning.

Timestamps:

0:00 - Intro

1:00 - Who Should Set Up Your SMSF?

3:50 - How Superannuation Contributions and Caps Work 

5:30 - SMSF Tax Benefits Explained

7:55 - The Most Common SMSF Mistakes Investors Make

10:30 - ATO Penalties and Compliance Risks for SMSF Trustees

13:15 - How Much You Need to Start an SMSF

15:40 - High Net Worth SMSFs

17:00 - Land Tax Differences for NSW Investors

19:55 - How to Set Up an SMSF