http://www.crikey.com.au/2012/11/27/tips-and-rumours-771/ now with extra source Wed, 22 May 2013 12:21:37 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.crikey.com.au/2012/11/27/tips-and-rumours-771/comment-page-1/#comment-229880 dazza Tue, 27 Nov 2012 06:55:20 +0000 http://www.crikey.com.au/?p=333854#comment-229880 The fees involved in running a self-funded super are huge. First the Financial planner takes his yearly share of $$ thousands, and of course the accountants want a double whammy by way tax assessment and mandatory audit. That involves $$thousands yet again. And of course the fund managers want their cut as well. That's the reason why SFSF are/have become extremely complex and costly for the general public, middle men need to be fed, and the government always seem to be willing to bend over backwards to help the finance industries as witnessed by the GFC. The fees involved in running a self-funded super are huge. First the Financial planner takes his yearly share of $$ thousands, and of course the accountants want a double whammy by way tax assessment and mandatory audit. That involves $$thousands yet again. And of course the fund managers want their cut as well. That’s the reason why SFSF are/have become extremely complex and costly for the general public, middle men need to be fed, and the government always seem to be willing to bend over backwards to help the finance industries as witnessed by the GFC.

]]>