Self Managed Super Funds
Are you considering a self managed super fund or SMSF? We can help. We have the answers to your SMSF questions, and can provide the appropriate SMSF solution tailored to you.
What is a SMSF?
An SMSF is a self managed super fund, which allows you to manage your own retirement savings.
Some points to to consider:
Do you have enough time, knowledge and skills to manage your own super and meet your legal and other obligations?
Do you need the additional benefits an SMSF can provide?
Do you have enough super to make an SMSF cost-effective?
What are the potential benefits?
More investment control
More investment choice
One fund for the family
Ability to borrow to make larger investments
Potential tax savings
Greater estate planning certainty and flexibility
Steps to starting an SMSF
Choose a trustee structure
Obtain a trust deed
Sign trustee declarations
Register with the ATO
Open a bank account
Record members’ TFNs
Prepare an investment strategy
Accept contributions and rollovers
Plan for the future
Appoint professionals - this is extremely important, as the rules around SMSFs are many and complex, and penalties for not adhering to them are steep.
We can offer guidance and help if you need it.
Is an SMSF right for you or your family?
Getting the set-up right
Ensuring compliance with investment, insurance and ongoing obligations
Making the most of your SMSF
Understanding alternative investments
Retirement Planning
Estate planning considerations
We can also help you to simplify matter if you want to close your SMSF
There are a great many regulations and legal requirements involved in setting up a Self Managed Super Fund. We don’t ever recommend you consider this option without advice from a fully qualified and experienced professional.
We welcome you to contact us today and find out how we may be able to assist you to set up a SMSF in order to help you reach your financial goals.
Your full financial situation would need to be reviewed prior to acceptance of any offer or product.