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When I opened my SMSF 10+ years ago, I had a steady employed job, and $50K was plenty for an SMSF. I've become self employed. Compliance costs have risen. Substantially. As the ATO requires more regulation. The only reason for keeping my SMSF open now is that I have losses as a result of...

Alex would have to married somebody probably 30 years older than him for this to work (don't know how many, I really don't know his age). This may not have fitted his individual circumstance. Especially if he was already married :-) Edit: He's already answered this. Sorry.

Agreed. Thanks Alex for your contributions to the forum. I hope you can get back into good contributions.