Self Managed Super Funds (SMSF)

How We Can Help You …

The establishment and ongoing maintenance of a SMSF can be both complex and time consuming. We offer you a range of tailored accounting, administration and compliance solutions including:

• Administration Services - We can assist you with the administration of your SMSF including all the paperwork. In addition, you have access to our technical team who are responsible for compliance with all the current superannuation legislation
• Ongoing Investment Advice - You have access to a professional advisor who will assist you to grow and monitor the investment portfolio. While you have complete control over your portfolio, your advisor will provide pro-active advice regarding financial strategies, estate planning, wealth protection and property investment
• Access Current Information - We closely monitor changes to the SMSF landscape and the regulations so you have access to current information at all times so you can make informed investment and tax planning decisions

Establishment - If you do decide to proceed with a SMSF we can help you set it up including all the requisite forms and paperwork. You can then administer the fund yourself or you can use our SMSF administration service. The steps generally involved in setting up a SMSF include:

• Obtaining a Trust Deed
• Appointing Trustees with each Trustee to sign a ‘Consent to Act’ Form and an ATO Trustee Declaration
• Electing to become a Regulated Fund - Trustees must elect to be ‘regulated’ under SISA to receive concessional tax treatment within 60 days of establishing the SMSF.
• Obtaining a Tax File Number (TFN) and Australian Business Number (ABN)
• Establishing a separate Bank Account for the SMSF to ensure that money belonging to the SMSF is held separate from accounts of the members, trustees and related employers. This is a SISA requirement but also helps SMSF trustees to preserve and protect their retirement income.
• Preparing and implementing an Investment Strategy for the SMSF

Our service offering includes all of these functions including:

• Preparation of your SMSF Trust Deed
• Completion and Lodgement of all the ATO Application Forms
• Providing Trustee Declarations – Note that under the SIS Act, Trustees must consent in writing to their appointment and all new SMSF Trustees (and Directors of Corporate Trustees) must sign an ATO Declaration confirming that they are aware of their duties and responsibilities. This is required within 21 days of becoming a Trustee or a Director of a Corporate Trustee
• Establishment of a Bank Account in the name of the SMSF
• Completion of binding death nomination forms that provide guidance on how members want their assets distributed in the event of their death

Administration - we can assist you with the ongoing administration of your SMSF including:

• Managing all the ongoing paperwork for your SMSF
• Preparing the Annual Financial Statements for your SMSF
• Preparation and lodgement of the annual Income Tax Return and Regulatory Returns
• Preparation of requisite Minutes of Meetings
• Maintaining the Asset List for your SMSF
• Arrange the Annual Audit of your SMSF
• Preparation of the paperwork to start and administer Pensions within your SMSF

Customised service - Our service can be customised to suit your needs so please, contact us today regarding your SMSF queries. We also invite you to book a FREE, one hour introductory consultation to discuss your superannuation position and you can expect practical financial advice. To book a time, call us today on (02) 9791 1779 or complete your details in the box at the top of this page.     

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