Boomer, can you tell me which industry super fund has fees which...

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    Boomer, can you tell me which industry super fund has fees which are peanuts? All the ones I’ve looked at have fees which are only slightly less my franking credit refund - this was no doubt the grand plan. It’s moot whether it’s worth my my while shutting down my SMSF and moving to an industry fund and losing independence.

    The equivalence of getting no refund is that one will effectively be paying 30% tax within super, so if you’re now paying tax there is no motivation to keep it within the smsf regime. It may well turn out that for minimising the pain of SMSF administration and compliance that it will be better to just shut it down and keep investments outside of super. Time will tell.
 
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