In recent times Self-managed super funds have become very popular, and for many investors represent an excellent vehicle to manage their retirement assets.
It is my belief that for many Australian’s, who have an SMSF, it is not the appropriate structure. Truth be known, often the person recommending the fund benefits greatly; as a financial planner, a SMSF client is gold, they are generally high revenue clients, the same applies for accountants and those involved with property investment. We are all incentivised to recommend a SMSF. Is this best for the client, often the answer is yes, it is a great option, however in a lot of other situations, I’m less confident that an SMSF is appropriate.