Motivations for setting up an SMSF

In a report by the SMSF Association, the most common motivations of survey participants in setting up SMSFs was to achieve better returns. The top three motivations were to:

• achieve better returns (59%)
  
• take greater control over personal finances (53%)
  
• lower cost/fee structure (43%)

Read more here.

Other reasons included:

• accessing a wider range of investment options (39%)
  
• being more agile, to take advantage of investment opportunities (32%)
  
• SMSFs are more tax effective (28%)
  
• ability to invest in property using super funds (15%)