Agree of course an SMSF gets cheaper to run as the size increases due to fixed charges. Also great for family combined accounts and estate planning , LRBA's ,etc.
I did spend four years in a call centre in a large govt department listening to the world of pain that many small SMSF trustees endure .
But for the average retiree an IOOF share platform in pension mode for say < $500k balance , is .5% pa fee (plus $38 per trade !) My fund performed 20% pa for last five years (till Dec 2018 anyway! ) just by buying the dips (eg : BHP @ $15) and trawling through HC,AFR etc. No advisers or outside help.
Best part is zero documentation , CGT free trades and 100% ff dividends .
The famous lament of most retirees is "I paid tax all my life" but this claim is looking a bit lame now that the well advised ones (direct shareholders) are saying "we want the money back".
The ALP did not need to raise a tax issue which is so unpopular . Perhaps there's a "good for the country" view to consider.
Surfs up gotta go.
Agree of course an SMSF gets cheaper to run as the size...
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Last
$42.75 |
Change
0.340(0.80%) |
Mkt cap ! $216.8B | |||
| Open | High | Low | Value | Volume |
| $42.69 | $42.83 | $42.50 | $240.2M | 5.628M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 237 | $42.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.75 | 28966 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$42.66 |
Change
0.340 ( 0.54 %) |
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| Open | High | Low | Volume | ||
| $42.68 | $42.83 | $42.50 | 1811916 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| BHP (ASX) Chart |