Just to clarify - an SMSF is "YOURS" to setup and run. You "use"...

Just to clarify - an SMSF is "YOURS" to setup and run. You "use" others to do the accounting, audit and tax.

The first piece of information I always impart when the question is raised is along the lines of most industry funds etc return an average of say 9% each year after fees. Can you do that? It will cost at least $2500 a year to do the accounting, audit and tax work and that's before a dollar is traded.

An SMSF gives you some freedom to invest in what YOU want and I started a bit over 11 years ago with $20k. Was easier back then and compliance was cheaper! Do your sums - if you can comfortably cover the fees and average a decent return then go for it.

PS - there's a "topic" (top of page) for Superannuation on HC and you'll find much more discussion about SMSF's in there..

Cheers,
TC.