The competition for superannuation members is heating up, as industry funds allow members to buy and sell shares from an expanded menu and make the most of the tax benefits enjoyed by people with self-managed funds.
To pick your own stocks you must have more than $10,000 in your account, invest at least $1500 in each stock and have no more than 50 per cent of your account balance in shares. Even with live trading, members will not be able to buy and sell one stock on the same day.
I like these sorts of options, anybody with any of the funds that are enacting this ?
Will the industry/retail super fund industry go down the path of enabling those willing to manage their funds more actively discourage the growth of smsf ?