combine industry super and smsf?

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Uncivilization, 17th Dec, 2016.

Join Australia's most dynamic and respected property investment community
  1. Uncivilization

    Uncivilization New Member

    Joined:
    10th Sep, 2016
    Posts:
    3
    Location:
    NSW
    Is it possible/ worthwhile to keep a minimum in my industry super (First State Super) to maintain my insurance cover, but put the majority in a smsf? Or would the savings be negated by having 2 lots of super fund fees? Cheers
     
  2. Uncivilization

    Uncivilization New Member

    Joined:
    10th Sep, 2016
    Posts:
    3
    Location:
    NSW
    Cancel that, have done a search (should have done it first sorry). Question answered. Thanks
     
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    41,940
    Location:
    Australia wide
    What was the answer?

    It can be done.
     
  4. Uncivilization

    Uncivilization New Member

    Joined:
    10th Sep, 2016
    Posts:
    3
    Location:
    NSW
    Yes thanks Terry, agree it can be done, but another comment was to check the cost benefit of super fees to save on insurance costs Vs getting insurance, independent of super.
     
    4 people like this.