Industry agrees: SMSFs are not for everyoneBY LAURA MILLAN | TUESDAY, 17 SEP 2013 11:55AMIndustry bodies have welcomed the Australian Securities and Investments Commission (ASIC) consultation paper asking for better regulation for establishing and advising self-managed superannuation funds (SMSF). Related News |
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Clearly the identification of the costs associated with a SMSF are biased and/or badly researched. I pay considerably less than $1,000 for mine (a small fund) and there are no administration charges. Not everyone needs advice.