Before you make the leap, here’s how to work out when it’s worth it.
when they start their career. It’s possible but, because of their fixed-cost structure, it just doesn’t make financial sense to set one up with a zero or small super balance.
So, of the $12 billion rolled into SMSFs each year, this implies about $9 billion goes to setting up SMSFs and the remainder is added to existing SMSFs. So, where is this $12 billion flowing from and why? According to APRA statistics, it comes from investors in retail funds , industry funds , public sector funds and corporate funds .
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SMSF members becoming targets for children seeking bigger inheritancesLawyers warn estate disputes are rising as the value of self-managed super funds tops $820 billion.
Read more »
After winning the climate election, Labor must be the climate government the whole world needs | Bill HareFor years Australia was a roadblock to global climate action. It’s time we returned to the right side of history
Read more »
Gold Coast 'red hot' property market shows signs of switching to buyers' marketReal estate agents on the Gold Coast notice a cooling of the market, compared to how it was during the pandemic.
Read more »
Labor needs a realistic net zero transition planOPINION: The lesson of the energy crisis is that the decades-long transition to cleaner energy cannot be achieved simply by flicking the off switch on fossil fuels.
Read more »
Elon Musk says Twitter’s lack of bots data breaches dealThe billionaire said he believes Twitter is “actively resisting” and “thwarting his information rights”.
Read more »
Christine Holgate: ‘I had the chance to right the wrong’A year after her dramatic exit from Australia Post made front page news for months on end Christine Holgate reflects on how she weathered the storm.
Read more »