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How much super do you need to have to justify setting up a Self Managed Super Fund?
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Manage episode 344561324 series 2922647
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This week Stuart & Mena discuss what super balance you need to have to justify setting up a SMSF. This discussing includes:
- Be clear on reasons why and consider if there are more cost-effective alternatives. If it’s because you want more control, often there are simpler and more cost effective alternatives.
- If it’s to invest in direct property, then there’s no min balance per se, it will probably be guided by how much you can borrow (inside super).
- Other reasons could include intergenerational wealth (e.g., pooling family’s super monies), estate planning, investing in unlisted investments, etc.
To find out more about our holistic accounting firm, ProSolution Private Clients, click here: https://www.prosolution.com.au/
Connect with Mena on LinkedIn: https://www.linkedin.com/in/mena-abraham-99635579/
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