My SMSF – Graham “Richo” Richardson

Editorial director of Switzer
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How long have you had your SMSF?

I’ve had it for about five months. It took longer to kick in than I actually thought it would.

Why did you start it up?

I got out of a [superannuation] fund a year ago, the fund had just kept losing and you see your money just getting whittled away.

Where did you put your funds in the meantime?

I had it in the bank. About a year ago I emptied the super fund to put a deposit on a home and for various reasons I was able to pay it back [to the bank account].

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