Self-Managed Super Fund

The Superannuation Industry (Supervision) Act (SIS) maintains that it is imperative for the trustees of a Self-managed Super Fund (SMSF) to have an investment strategy within the fund, but it has been noticed that there are many SMSFs that actually lack this. Read More

 Are you considering an SMSF? Ask yourself these questions to help decide if a Self-managed super fund is right for you. Do I have enough super? You generally need a reasonable amount of super to justify the costs of an SMSF however there is no minimum balance required by law. The main considerations are comparing… Continue reading Is an SMSF right for you? Read More

An SMSF is required to be audited by a registered SMSF auditor who reviews the operation of the fund and completes a financial and compliance audit. A financial and compliance audit must be completed before a fund’s SMSF annual return can be lodged with the ATO. There are set timeframes around the appointment of auditors and… Continue reading Audits on SMSF Read More

An SMSF must have either a corporate trustee or at least two individual trustees. When you set up an SMSF you take on the role of either:Individual Trustee, orDirector of a company that is the trustee (called a corporate trustee) A trustee is the persons or company that is responsible for running the fund. Having an SMSF… Continue reading Trustees and SMSF Read More

Having an SMSF means you’re in charge – you make the investment decisions for the fund and you’re held responsible for complying with the superannuation and tax laws. Making sure your SMSF complies with all the relevant superannuation and tax laws can be time-consuming. However, we provide services to help you stay in control, including: Accounting administrationAnnual… Continue reading Compliance and SMSF Read More

Making investments Once you’ve established a particular investment is allowed under a fund’s investment strategy you can go ahead with the transaction. Generally, a fund will use a range of services providers such as stockbrokers, banks and property managers to complete the investment. Investment transactions should be managed through an SMSF bank account (cash account). When you… Continue reading What you need to know about SMSF Read More

Types of InvestmentsSMSFs allow you to have full involvement in the operation of your fund and to make decisions on how your super fund is managed. SMSF trustees are able to decide the fund’s investment strategy and choose the individual investments to implement that strategy.Investments are normally divided into asset classes. The main asset classes… Continue reading Types of investments in SMSF Read More

Tax and Self Managed Super Fund (SMSF)Superannuation is a tax advantaged retirement savings arrangement where employers, employees and those who are self-employed make contributions for fund members. The reason superannuation is considered to be a tax advantaged arrangement is because tax concessions are available at the time some contributions are made to the fund, the… Continue reading Tax and SMSF Read More

Key things you need to know about an SMSF Let’s take a look at the key things you need to know about setting up a Self Managed Super Fund (SMSF). Setting up a new SMSFSetting up a new SMSF requires a few things to be put in place to ensure it complies with superannuation laws. We can… Continue reading Setting up a new SMSF Read More