DIY super funds may be in reach
The set-up cost for a self-managed superannuation fund typically ranges from $100 to $2,000, though some specialist firms will do so for less than $700. The usual rule of thumb is that you need $200,000 in super assets to manage the fund yourself. Most people start out with more than $300,000. Advisers say it is feasible to start with less than $50,000 as long as you plan to aggressively save via the fund, perhaps through salary sacrificing.