With all the new tax changes, is it time to start an SMSF?

May 31, 2026 — 5:08am

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Following the budget changes, it seems pretty clear to me that super is where I need to focus my attention in terms of getting financially secure. I’m a bit of a control freak, so an SMSF appeals to me. But I’m fearful of the cost, and perhaps the work involved. What am I in for if I go down this path?

Super still has the preservation rules that mean you can’t access it until at least 60 (other than the First Home Super Saver scheme), so it’s not the right solution in all circumstances. But you are right to identify that the tax generosity afforded to super really stands out following the CGT, negative gearing and family trust changes.

The cost to set up an SMSF is typically around $4,000. You then need an annual tax return and audit done, which will set you back a similar amount each year. From there, it depends on what you do........

© The Sydney Morning Herald