James Wrigley

But I don't think these

tax changes and the relative, you know, super being that relatively more attractive other than maybe waking a few people up to the attractiveness of super.

Like it's well and truly dominating the, you know, the conversations I'm seeing online now.

And so that can only be a good thing.

You know, there's a whole lot of people now that are really starting to take super more seriously.

It might mean that more people end up setting up a self-managed superannuation fund possibly, but I don't think that the changes themselves are going to be a big driver of that.

Minimum amount, so the ATO puts out some information around this, but there are a lot of providers out there now that will do the setup and the administration, provided you kind of play within their rules and they'll dictate what the rules look like.

that will do it incredibly cheaply for you.

So you've got to look at it from a cost perspective.

It can stack up from a cost perspective for really only a couple of hundred thousand dollars at that kind of lower end.

But then cost is only one part of it.

If there's something particular that you want to do with your super, that you want to invest into, that you want to

Combined with other people, there's certain superannuation strategies and investment options that are only available in self-managed super fund land.

And you might be more than comfortable to say, okay, I know it's going to cost me more to operate this self-managed super fund than my big super was before.

But hey, I'm accepting that cost because of X, Y, and Z benefits that are really important to me.

then it can be a good option.

So we're really careful in the financial advice that we do that there really needs to be a real reason that you wanna set up a self-managed super fund because there's like,

If you get it wrong, it's a big problem, and it's a bigger problem more than just you earn less of a return than where your money was before.

You're taking on a real responsibility to be the trustee, and there's certain obligations and reporting obligations that need to go on.

If you mess that up, there's huge fines.