Tuesday, 14 January 2014

Why is my SMSF such a money pit!

I've had a lot if people tell me in the last few months that having their own SMSF is draining their money and they regret setting it up. When I look at how much they have in their SMSF I couldn't agree more. The compliance fees, set-up fees and on-going tax return and accounting fees do not make it worthwhile unless, in my opinion you have at least $400,000 in cash or equity to invest.

But hey, don't just trust my opinion, read the following article and you decide:

Dubious SMSF Advice

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