Since self-managed super funds came into existence accountants have been the number one source of advice when it comes to their set-up up and operation. However the actual advice accountants have legally been allowed to give SMSF trustees has always been very limited, and from 1 July 2016 will get even tighter.
“If you don’t have international shares you are missing out on 98% of the world’s equity opportunities!”
So goes the catch-cry of international share fund managers.
Popular media often scolds trustees of SMSF’s for being too domestically focused and missing out on the opportunities that are available in international shares.