Received in the mail a letter from hubby's Super Fund notifying that they will charge a low administration fee of .06% calculated on the daily account balance etc. as from 12.8.2009
Bugger me that is about $1800 per year on a super fund that is invested in cash atm.
We planned on starting a SMSF - now I will contact Accountant on Monday to start one. We have previously discussed starting SMSF.
The trust deed will be broad.. shares property etc. I plan to buy some shares shortly and then sell out and buy/build property later.
Re: Shares don't worry too much about advising me as I have been buying and selling shares since 2000 - so have experience in profits & losses & money management.
QUESTION
Main issue is which bank etc. has the best rates for SMSF at present as I need to open an account?
Information on IR received most welcome...
Kind Regards
Sheryn
Bugger me that is about $1800 per year on a super fund that is invested in cash atm.
We planned on starting a SMSF - now I will contact Accountant on Monday to start one. We have previously discussed starting SMSF.
The trust deed will be broad.. shares property etc. I plan to buy some shares shortly and then sell out and buy/build property later.
Re: Shares don't worry too much about advising me as I have been buying and selling shares since 2000 - so have experience in profits & losses & money management.
QUESTION
Main issue is which bank etc. has the best rates for SMSF at present as I need to open an account?
Information on IR received most welcome...
Kind Regards
Sheryn