Most Australians think an SMSF is a one-size-fits-all structure. It’s not. And choosing the wrong type can create massive problems: from succession disputes to litigation, even the loss of family wealth.

One of the most persistent myths in superannuation is that you need half a million dollars to set up a self-managed super fund (SMSF). In truth, control, strategy, and smart structuring matter far more than your starting balance.

Five reasons FIFO families might consider setting up a strategic super structure like an SMSF.