This is a debate that will rage on forever. The SMSF golden era started in 2007 spurred on by 3 factors:
Over the past 5 years, I feel that the Industry Funds have taken the upper hand in this debate. Some of the key milestones have included:
I am going to make a bold prediction for 2020 and 2021: That the tide will start to turn, and we will see the number of SMSF establishments increase again. There are 3 factors that will drive this:
The impact of these factors will come down to community sentiment. It is up to us, as industry leaders, to increase awareness of these factors and ensure that the debate is even handed.
Greg Einfeld has over 20 years’ experience in the Australian Superannuation and Financial Services industry. He has MEc and MBA degrees, is a licensed financial adviser, a qualified actuary, and specialises in Self Managed Super Funds (SMSF’s). He regularly presents on a variety of SMSF topics including investment, tax, estate planning, pensions, administration and strategies.