Taxation, Accounting, Business.

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.

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