Do-it-yourself superannuation is not for the average handyman
For anyone considering a move from their industry fund into their own personally tailored self-managed superannuation fund, there are a lot of cons to consider in pursuit of the pros.
Managing an SMSF takes time and an understanding of complex regulations in order to ensure a comfortable retirement. (Image source: Shutterstock.com)
The ability to take charge of their own retirement has proven so attractive that today more than a quarter of all superannuation funds in Australia are self-managed superannuation funds (SMSFs).
Within the $3.4 trillion superannuation market, more than a million Australians have taken on the burden, and anticipated increased gains, associated with managing their own retirement fund allocations, encompassing everything from property to shares and…
