For many years investors have been told that you could start up an SMSF with $200,000 as long as you were contributing heavily to it. But according to the Productivity Commission, any less than $1 million in your self-managed super fund will cost you.
After decades of growing your super, it can call for a very different mindset to start drawing down the money in retirement. But thinking about how to make the most of your nest egg is critical to this new life stage.
The days of niche super funds could be coming to an end, with the Productivity Commission slamming their inability to deliver low fees and better savings.
Darryl is worried that war injuries from his time in the army will force him out of work in the next eight years, and he doesn't want to make mistakes with his money.
Would you like to get access to your superannuation savings early? Few Australians qualify for early release of super, but that could be about to change.
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