What do I need to consider before setting up a SMSF?

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Last updated 15 April 2014


Make sure you understand what is involved in setting up a fund, and that you are only setting it up to pay the members' retirement benefits. You'll also need to make sure that you have the time, skills and knowledge necessary to manage your own fund, as well as enough assets and money to make it worthwhile. You must also understand the risks involved in all your investments.

Learn more about the SMSF Commonwealth Direct Investment Account

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