SELF MANAGED SUPER FUND

Our Take On SMSF

What is Self-Managed Superannuation Fund?

A Self Managed Superannuation Fund or an SMSF is a trust, established with the creation of a trust deed. It is essentially your own super fund. The trustees (you) control and managed the fund often using the professional help from an accountant and as a trustee you will be making all investment decisions in accordance with the SMSF’s investment strategy.

Why SMSF?

An SMSF gives you more control over how you manage you own Superannuation. This is generally the significant attraction for the establishment of an SMSF. As a trustee for SMSF, you will have flexibility to invest in investment product that you actually understand whether it is shares or property or both.

Over 1 million Australians have switched from Retail or Industry Fund to Self Managed Super Fund. It's time for you to make a wise choice.

Control is the dominant reason why people set-up self-managed superannuation funds.

Once you have decided to establish an SMSF, our SMSF Accountant can provide extensive services ranging from the initial setting up of the fund, Accounts / year-end Financial Statements with the use of compliant software, administration of SMSF to ensure compliance with rules and regulations, preparation and lodgement of the annual income tax returns, and SMSF audit service. Use our power point slide for more information on LRBA property structure - External lender .

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Benefits and Obligations

1. Control

Within the constraints of the investment policy of the specific funds the trustee choose how retirement savings are invested and have total control of the management of the fund.

3. Investment Choice

An SMSF provides greater investment choice and opens up opportunities for investment in direct shares, wholesale managed funds and business real property.

5. Timing

An SMSF provides greater control over the timing of asset sales and selection.

7. Non-compliance Risk

There is a risk of non-compliance due to a lack of knowledge of the Superannuation Industry (Supervision) Act 1993 (SIS). If a fund falls into non-compliant status, it can be taxed at the highest marginal tax rate.

2. Tax Effective

An SMSF may offer the fund owner the opportunity to take advantage of more flexible tax planning as well as more effective estate planning. There is a greater ability to manage franking credits to offset tax on contributions, earnings and capital gains.

4. Estate Planning

SMSFs provide greater planning control and alternatives. The structure of the SMSFs can allow family members to accumulate wealth, provide retirement incomes, and pass assets between generations in an efficient manner and without undesirable taxation consequences.

6. In specie contributions

An SMSF has the ability to make in-specie contributions. For example it allows you to transfer assets, such as managed fund and listed shares into superannuation without selling the underlying investment.

8. Responsibilities

Administration of the fund requires considerable personal involvement of the members to make it cost effective. The trustees have responsibility to ensure the fund continues to comply with the terms of the trust deed and relevant legislation.

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SELF MANAGED SUPER FUND

Our Take On SMSF

What is Self-Managed Superannuation Fund?

Why SMSF?

Benefits and Obligations

1. Control

Within the constraints of the investment policy of the specific funds the trustee choose how retirement savings are invested and have total control of the management of the fund.

3. Investment Choice

An SMSF provides greater investment choice and opens up opportunities for investment in direct shares, wholesale managed funds and business real property.

5. Timing

An SMSF provides greater control over the timing of asset sales and selection.

7. Non-compliance Risk

There is a risk of non-compliance due to a lack of knowledge of the Superannuation Industry (Supervision) Act 1993 (SIS). If a fund falls into non-compliant status, it can be taxed at the highest marginal tax rate.

2. Tax Effective

An SMSF may offer the fund owner the opportunity to take advantage of more flexible tax planning as well as more effective estate planning. There is a greater ability to manage franking credits to offset tax on contributions, earnings and capital gains.

4. Estate Planning

SMSFs provide greater planning control and alternatives. The structure of the SMSFs can allow family members to accumulate wealth, provide retirement incomes, and pass assets between generations in an efficient manner and without undesirable taxation consequences.

6. In specie contributions

An SMSF has the ability to make in-specie contributions. For example it allows you to transfer assets, such as managed fund and listed shares into superannuation without selling the underlying investment.

8. Responsibilities

Administration of the fund requires considerable personal involvement of the members to make it cost effective. The trustees have responsibility to ensure the fund continues to comply with the terms of the trust deed and relevant legislation.

What We Offer

SMSF Set-Up Advice

SMSF Administration

Pension Strategies

Contribution Strategies

ATO Compliance

Withdrawal/ Recontribution Strategies

Limited Recourse Borrowing Strategies

Year-end Accounts

Financial Statements