living off super, page-24

Hi Trendee

They say you will need a minimum of $200G for an smsf ,
you can run one through your accountant etc

My wife has an allocated pension with AGEST a semi govt
industry super fund that has very low fees etc . Presently
they are in talks with Aust Super about a merger . AGEST have only asset classes including cash etc but no vehicle for actual share purchasing ..wheras Aust Super do for their normal super accounts but not for their allocated pensions.

I am assuming that after the merger you will be able to buy shares within your allocated pension . There will also be provisions apart from actual share purchases for having term deposits and other cash and other investment alternatives such as funds etc. YOU DECIDE....

The fees are lower and they do all the paperwork including the ato guff which is included in the fees ..
this includes the retention of the franking credits etc..
all you get is a piece of paper at financial years end..all real simple...the hard work is all done...
Hope this helps Baxter