RSM Australia

How much money do I need to start a self-managed super fund (SMSF)?

Wealth Management Insights

 

The decision to take control of your superannuation is not a simple one, with many factors to take into account, such as the minimum balance required.

Nathan Walker talks self-manged superannuation funds as well as the minimum balance required to launch a self-managed super fund (SMSF) including a look at what other options you have available.

Also take a look at Nathan providing some pointers to consider when diversifying off-farm to help reduce business risk.


VIDEO 3:

How much do you need to to start your SMSF?

As a general guide you need $300,000 - by investing in selected properties, you can accelerate the growth of your super fund. 

VIDEO 4:

Why wouldn't you invest in superannuation?

The main reason why people may not want to invest in super is due to the constant changes to contributions and when you are able to access your money.

Are there other options outside of super?

There are three other options outside super - Family Trusts, borrow to invest and insurance bonds.


Get in touch with an RSM financial adviser.

You’ll need to consider your own circumstances and before making any decisions, it’s a good idea to speak to an RSM financial adviser.
Meet with a financial adviser at your local office today.


For more details on super reform: 

Check out our Budget News articles on superannuation here.


Learn more about Super for Agribusiness:

 << OFF-FARM SUPER INVESTMENT OPTIONS

 

This article has been prepared by RSM Financial Services Australia Pty Ltd ABN 22 009 176 354, AFS Licence No. 238282.

As everyone's circumstances are different and this article doesn't take into account your personal situation, it is important that you consider the above in light of your financial situation, needs and objectives, and seek financial advice before implementing a strategy.
View the Financial Services Privacy Statement and Policy and Financial Services Guide