How much is required to get started?

Ideally, when setting up a SMSF a minimum of $70,000 is required. If you have more than one member, the total combined assets can be transferred to meet the minimum requirements. If you decide to set up a SMSF with less than $70,000, you need to weigh up the ongoing administrative costs to see if it will be worthwhile. Once your signed application is received and approved, it generally takes around 1 - 2 week to establish a new fund.

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