Self-Managed Funds

A question that is often raised is the level of funds required to warrant the establishment of a SMSF. At Aspire we would recommend that a minimum of $250,000 is needed before consideration is given to the establishment of a SMSF.

The team at Aspire Financial & Retirement Planning assist our clients across Melbourne to decide whether a self managed superannuation fund is suitable for their needs. We can also assist you in establishing and running the fund.  

A question that is often raised is the level of funds required to warrant the establishment of a SMSF. At Aspire we would recommend that a minimum of $250,000 is needed before consideration is given to the establishment of a SMSF.

Some advantages of establishing a SMSF are:

  • That the trustees have absolute control as to where the capital of the SMSF is invested (subject to existing legislation).
  • SMSF has the ability to borrow to invest in certain assets.
  • Lower running costs may apply.

At Aspire Financial & Retirement Planning, we use a team approach with our advisers and accountants working closely together to maximise strategy effectiveness and ensure that the SMSF fund is set up, administered and managed correctly. To arrange a consultation with our financial planner, please contact our Bundoora office on (03) 9466 8777.

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