Hi all
My dad who does't have the best English gave me an assignment to read up and report back on self managed super funds (SMSF). Especially when it comes to buying property. He told me he has about 200k in his and about 100k in my mums.
I did some quick searching and found that anything less than 200k is not worth it because of higher fees? Is there anywhere that breaks down the fees more specifically?
Also when it comes to buying property with SMSFs how are the running costs paid for? I need to know such details but i can't see to find much.
I read that there are more regulations and paperwork. What exactly does this consist of?
Any suggestions?
Thanks in advance.
My dad who does't have the best English gave me an assignment to read up and report back on self managed super funds (SMSF). Especially when it comes to buying property. He told me he has about 200k in his and about 100k in my mums.
I did some quick searching and found that anything less than 200k is not worth it because of higher fees? Is there anywhere that breaks down the fees more specifically?
Also when it comes to buying property with SMSFs how are the running costs paid for? I need to know such details but i can't see to find much.
I read that there are more regulations and paperwork. What exactly does this consist of?
Any suggestions?
Thanks in advance.