Self-managed super funds (SMSFs) have continued in popularity, growing in numbers over the past several years. In June 2014 there were 520,000 SMSFs. These numbers increased to just under 600,000 in March 2019.
Whether or not a SMSF is the right superannuation set-up for you comes down to what you are wanting from your super and your capacity to manage your fund on a regular basis.
There are advantages and disadvantages in managing your own super and, depending on your circumstances, these can weigh more heavily on you than the next person.Continue reading