Self-Managed Super Funds

Self-Managed Super Funds (SMSF) are super funds where, as the trustee, you have the responsibility over the management and investment of your superannuation. More importantly, you are accountable for the administration of your SMSF.

Requirements of a SMSF:

  • Up to four members in the fund
  • Each trustee of the fund (if individuals) is a member
  • Each trustee of the fund (if a corporation) has a Director of the corporation as a member
  • No member is an employee of another member, unless related
  • No trustee is paid for services performed in relation to the fund

 

Depending on your needs, a SMSF could be set up in either a simple or complex manner. Either way, there are numerous factors that need to be considered and it is important to involve a specialist. They can assist in ensuring your SMSF is set up correctly and complies with all regulations and requirements. The cost of establishing a SMSF will vary depending on the requirements of the fund and so too will the requirements for managing the fund on an ongoing basis.

There are significant benefits of having a SMSF including having a bit more control over your super’s investment decisions that ultimately impact your superannuation. Furthermore, as a trustee you have more control over the costs of the services you require. The most obvious benefit of a SMSF is potential tax advantages that can be utilised. However, this will depend on your personal circumstances and the investment decisions you make under the trust. Insurance premiums can also be included within your SMSF to provide levels of protection.

How can we assist you?

  • We can help you to understand the benefits of setting up a SMSF specific to your needs and requirements
  • We can provide advice on the costs involved in both establishing and maintaining the fund
  • We can assist with the management of the SMSF to ensure you are meeting your regulatory and administrative requirements
  • We can provide assistance with setting up your fund including understanding the process of creating a trust deed, appointing trustees, completing ATO forms, SMSF bank accounts, rolling over your super as well as creating and implementing an investment strategy

If you are considering establishing a SMSF you should talk to a professional to ensure you understand what’s involved. Contact one of our financial advisers today to see how we can assist.

What we can offer

Our professionals can provide advice on SMSFs to ensure you are on track for a comfortable retirement. We look at your entire situation to see whether a SMSF is right for you, taking into account your needs and availability of time and cash flow. Contact one of our specialists today to see how you can prepare for the future.

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Discuss your needs

Unsure if a SMSF is right for you? We can help you understand the benefits and responsibilities specific to your situation.

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Compliance

We can help to ensure your new or existing SMSF meets administration and regulatory requirements through its establishment and its ongoing management.

Contributions

Let’s discuss how to increase your superannuation contributions and save tax through salary packaging.

Strategy

Choosing the right investments to grow your SMSF balance can be stressful. Make an appointment today to discuss how we can help you meet your retirement goals.

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