How an SMSF can ruin your life

There are a few myths about self-managed super funds. The main ones are that the costs are lower and the returns are better, but anyone in the industry knows that those are marketing lines more than reality, depending on who is helping you, what they’re charging you and how well your investments go.

I have an SMSF. In the early days, I wondered whether it was all worth it when the accounting fees alone were taking 5% of the fund and