It is one of our most frequently asked question:"I'm interested in SMSF but how much would the SMSF costs be? Can I afford it?" Well, you've come to the right place at Something Else Finance. The answer to this popular yet rather complicated question is "not as much as you might have thought!" With the help of technology, many online SMSF platforms offer affordable SMSF setup costs and free resources. Costly processes that used to take days or even weeks to complete now could be done in hours and purely online. So, there is no better time to start your SMSF journey and see your investment grow in real time!
This is again one of the most popular questions our members ask and the answer is less straight forward, "it depends" we would say. For members whose fund structure and investment strategy are uncomplicated, you probably do not need a traditional SMSF accountant, especially with the help of technology and widely available information. However, if your fund is not so straight forward and your investment strategy is rather sophisticated, you may need the professional help from the SMSF account especially coming tax time. DO not let this stop you from joining SMSF though as the it's the bigger picture and long term return on investment that should really matter!