Hello fellow Aussies.
I am still unsure about what represents the best value.
Industry funds offer low cost index funds but the transparency about fees etc troubles me.
Some industry funds offer self investment options (so called SMSF lite in other threads) but the fees still seem relatively high and you are limited to what you can invest in e.g. having to hold 20% in cash etc. Scott Pape wound up his SMSF as he thought it was too expensive and overly complex. He recommends host plus index balanced fund (fees an incredible 0.02%). For those keen on a choice, He recommends Host Plus's Choice Plus but the PDS seems to have fees of at least 1% (or maybe 1.3%). Once you get up to 1 million this is $10000 to $13000.
Online SMSF platforms look cheap but they often are attached to more expensive broking systems, so maybe the ultimate costs are similar to a standard accountant set up.
Does anyone have any online SMSF platforms they are happy with? Was the system easy at tax time?
Or has anyone found a SMSF lite version where you are not having to hold considerable sums in cash etc?