I am currently considering to set up SMSF with my friends. however, since we do not have much in our super. We have total around $20,000 balance. I understand with it highly unlikely I can get fund running efficiently with such low balance. Since my wife is working in a accounting firm, she can get aounnting and auditing done without cost. Just want to know what other unaviodable annual fixed cost involve. Is there any minimum balance requirement from ATO to setup a SMSF?