DIVIDENDS AND TAX
How much assets you need before it makes sense to create an SMSF
Hi everyone, I'm curious about how much in assets you need before it makes sense to create an SMSF. I’ve heard that around $250k is the minimum, but I’d love to hear from anyone with experience. If you have an SMSF, was it worthwhile for you? Would you recommend it based on your experience?
Ethan Brown.
17 September 2024
2 Comments
3 months ago
Hi Ethan,
I’ve heard similar things.
The answer will vary by person and what % of assets someone doesn’t mind spending on admin/fees.
I haven’t got one myself, though I may investigate it further past the point of say $200k. There’s also the time, energy, and mental space that needs to be accounted for vs sticking with a simple low cost super fund.
I have one wealthy friend who uses a SMSF to invest in property, while another wealthy friend just sticks with low cost industry super fund because he prefers shares.
Cheers, Dave
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