Self-Managed Super Fund.
Be in control of your superannuation money.
✓ superannuation your way.
✓ control your investments.
✓ grow your wealth.
You want to control your super and you understand…
Running a self-managed super fund takes commitment
Your Fund must have financial statements prepared every year
Your Fund must be independently audited every year
You are responsible for your own investments
You may need to see a financial adviser to see if this strategy is right for you
It’s highly a regulated industry
Superannuation your way
Superannuation is one of the most tax effective ways for creating wealth for your future and ultimately your retirement.
Setting up your own SMSF will give you the flexibility to take control of your super money and where it is invested.
The sole purpose of an SMSF is to provide retirement benefits for the members or their dependents. SMSFs work in much the same way as retail funds except that when you set up your own SMSF, you become a trustee and a member of your Fund.
While you have responsibilities as a trustee to ensure your investments are monitored and working for you, there are many benefits to running a SMSF. These include:
a low income tax environment
the ability to invest in a wide range of assets
the ability to borrow money to purchase assets
retirement flexibility, asset protection and succession planning
There are costs involved in setting up your SMSF as well as the ongoing accounting and audit fees each year.
For many, the benefits and flexibility to be in control outweighs the costs and administration of managing a SMSF.
How we can help.
First and foremost, we are not financial advisers.
Before setting up an SMSF, we recommend that you seek advice from a financial planner to see if this is the right strategy for you.
What we can advise you on is that tax effectiveness of running your own SMSF.
Once you determine this is the strategy for you, we can help you with the incorporation of your corporate trustee and establishment of your fund. This is a transaction only.
From there, we will complete the financial statements each year and arrange for an audit of the financials to ensure your Fund is compliant.
