Is an SMSF right for you?

Some financial advisers and SMSF trustees may talk to you about the benefits of limited recourse borrowing and may encourage you to set up an SMSF. However, setting up an SMSF to take advantage of an LRBA may not be a wise step for everyone.

SMSFs can be suitable for people with a lot of super and extensive skills in financial and legal matters, so you need to think carefully and do research to find out if an SMSF is right for you.

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    Last modified: 08 Feb 2016QC 20439