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Less than one-fifth of SMSF professionals believe a starting balance of $400,000 or greater is necessary for the establishment of an SMSF, according to a recent BGL survey.
Earlier this year, the Productivity Commission said it was concerned about the high cost ratios for lower-balance SMSFs and suggested that SMSFs with less than $1 million were not competitive against retail super fund offerings.
Read the full article at SMSF Adviser.