arvo,"Some say that you need $200,000 to $250,000 to make it...

arvo,

"Some say that you need $200,000 to $250,000 to make it worthwhile starting a SMSF"


imo that was more or less true before esuper and the like.

their low fees have changed the game.


I use a specialist super accountant - and fees all up are around or under $2k per year.

Where I find value is that this person is anal about not having any of his clients investigated - has not had one audit done and doesn't want one.

This means the probability of me spending time behind bars is very small if I do what he advises.

I find it very reassuring to email or phone with basically any query and have a bullet proof answer and very open advice.

He tells me straight up what I can or can't do and what I would be mad to try.

It is a personal relationship thing - and I am happy to pay the fees.

If my account was under say $100k - I probably wouldn't use this service and would use something like esuper.

If however, the account is more than $1m - then I think definitely a good individual relationship is the go.

Remember - you super compliance accountant 'cannot' advise you on what to invest in. Just what you can and cannot do, also they obviously cross all the T's and dot the i's.

I think it all depends on what your account is worth and what it is going to be worth. Also, it probably depends on what investments you are thinking of making using super as the vehicle.

have a great day all

Pinto