While some people might like to manage their own super, it can take a considerable amount of work and time and often requires professional help with the legal aspects.
Establishing a self-managed super fund can be difficult, even for those with high levels of personal finance expertise. Before setting up your own fund, it’s important to know the components of each strategy and organisation that are relevant to you and your goals, as well risk involved in these strategies, as well as any potential returns you can expect at different points of your life stages.
Generally, you need a balance of $200,000 or more to use an SMSF effectively.
An SMSF could be the right choice for you, if: