Cost of a self managed superannuation fund

Wanting to get more control of your superannuation and wondering what its costs to have your own self managed¬†superannuation¬†fund (SMSF)? There are several components to the cost of running an SMSF, including: Investment management fee Accounting fee Audit fee ATO supervision levy Professional fees for advice, administration and anything else you choose to outsource The … Continue reading Cost of a self managed superannuation fund

Risky SMSF borrowing advice from real estate agents

The Institute of Chartered Accountants of Australia (ICAA) superannuation specialist, Liz Westover recently wrote of her alarm at some marketing material she received from a real estate agent promoting borrowing within a self managed superannuation fund (SMSF) to buy property. Westover wrote: "I was surprised and somewhat alarmed that some of the information provided was … Continue reading Risky SMSF borrowing advice from real estate agents