ASIC releases report on SMSF
Interesting reading in a report commissioned by ASIC – prepared by Rice Warner Actuaries with some interesting findings:
- SMSFs with balances > $200,000 are competitive with industry and retail funds where trustees perform some of the administration tasks;
- SMSFs with balances > $250,000 provide the cheapest option again with trustees doing some of the administration;
- compared with APRA regulated funds SMSF’s have achieved investment returns averaging 8.8% from 2005 to 2011 compared with 5.4% for APRA funds.