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Why do people have SMSFs?

SMSFs are not suitable for everyone.  Their suitability generally depends on the amount available to be contributed or transferred into the fund, the skills, abilities and interests of the proposed trustees and their retirement income and investment goals.

SMSFs are not suitable for everyone. Their suitability generally depends on the amount available to be contributed or transferred into the fund, the skills, abilities and interests of the proposed trustees and their retirement income and investment goals. 

The advantages and disadvantages of SMSFs are detailed below.