Over the past 10 years the rules to Centrelink have changed considerably. They are set to change again in January 2017 (read our article 'Changes to the Age Pension rules — will you be affected?' on this change), however many people nearing retirement don’t understand how Centrelink may fit into their retirement plan.
Below is an outline of some of the biggest pro’s and con’s of starting your own SMSF.
While being aware of the opportunities that exist to utilise a SMSF as a preferred saving vehicle for retirement is important, it is equally important to be aware of the potential pitfalls and negatives of the structure.