No. A common rule of thumb in the superannuation industry is that you should have $200,000 in Super Benefits prior to establishing an SMSF. Some administrators actually require you to have a minimum amount in order to commence an SMSF, usually $100,000 or more. Conveniently these same administrators charge you on a percentage basis which can add unnecessary fees to your annual invoice. There is actually no legal minimum balance to establish a SMSF. You can establish an SMSF with ESUPERFUND with any amount desired. For more visit our article "The $200,000 SMSF Myth".