Are you ready to start your own self managed super fund?
The idea of having full control over your valuable superannuation balance with a self-managed super fund ('SMSF') is a tempting thought for many Australian workers. However before you jump in it's worth considering whether you are ready to start an SMSF.
How much money do you have to invest?
The annual costs of running an SMSF are much higher than using a traditional superannuation for balances under $200,000 as mentioned in the linked guide.