My SMSF

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What are the ages of the members of your SMSF?

We are mid and late 60s.

Why did you start your SMSF?

I was offered redundancy from the Commonwealth public service in the late 90’s. Like most, we selected a financial advisor to assist and we established a superannuation wrap account, which provided some exposure to managing a portfolio of shares. This was great for a few years until we established that our advisor was doing pretty well from our money. We have a long-standing association with a stockbroker and, as a result of his suggestion; we decided to establish our own SMSF with the support of his company’s portfolio administration service in 2012.

How large is your SMSF?

About $1m.

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