self managed super funds warning, page-15

  1. 13,364 Posts.
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    Esuperfund, all up cost $599 p/a and I have complete control of a fully compliant, audited fund.

    Sole purpose = retirement. I fear this not one bit.

    My existing (not for long) fund (mis)manager fees over $2500 and losing money hand over fist (down $27,000 in 4 months). If not for my own ongoing contributions it would be almost worthless with initial capital diminished. And they want me to stay with losers like this, what a joke.

    SMSF for those who can (and able to understand the rules and apply compliant strategies) is the only way to go IMO.
 
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