Touted $1m SMSF cap dealt a blow with new survey

Less than one-fifth of SMSF professionals believe a starting balance of $400,000 or greater is necessary for the establishment of an SMSF, according to a recent BGL survey.

by | Aug 24, 2018

Touted $1m SMSF cap dealt a blow with new survey

Earlier this year, the Productivity Commission said it was concerned about the high cost ratios for lower-balance SMSFs and suggested that SMSFs with less than $1 million were not competitive against retail super fund offerings.

Read the full article at SMSF Adviser.

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