How much do you need to set up a SMSF? There is no compulsory requirement by any legislation or SMSF rules in Australia.
ASIC has recommended a combined member balance $200,000 to be cost effective, however this has disputed by SMSF professionals. A SMSF gives all members 100% certainty, control, flexibility and free choices. These benefits can not be valued by costs. In addition, SMSF services providers, such as iCare Super, offer fixed low costs SMSF audit and accounting services and has made the costs not very a big concern to the trustees.