Setting up your own Super Fund?

Managing your own fund can offer many benefits when compared to professionally managed funds.

Establishing your own self managed superannuation fund is a decision that should not be taken lightly. Managing your own super is a big responsibility. Super is meant for your retirement, so there are special rules about how it’s managed and when you can get it. If you want to manage your own super, there are many factors you need to consider. To work out whether an SMSF is right for you, it’s important you take the following six steps:

• Consider your options and seek professional advice.
• Ensure you have sufficient assets, time and skills to manage your own fund.
• Follow the super and tax laws and understand the risks.
• Tailor your trust deed and investment strategy to suit the members of your fund.
• Be sure you can meet your record keeping and reporting obligations.
• Make sure you understand your annual compliance and auditing obligations.

How we can Help

Fund Set up

We can assist you with the process of setting up your own self managed superannuation fund

Fund Administration (record Keeping and Reporting)

We provide an Accounting, Tax and Administration service to assist you in maintaining the compliance of your SMSF, allowing you and your Advisor to focus on your investments.

We can:

• Transfer the administration of an existing fund to ourselves
• Provide a "fix it" service, if able, to bring a current fund up to date and make it comply.
• Set up a trustee company for your fund, for ongoing administration and other services.
• Technical and structural design service to help you structure your fund to best suit your position.
• Fund Wind-up
  

Our service can be customised to suite your individual requirements.

Audit

At the end of each financial year, your fund will need to have a Financial Statement and Compliance audit. If we attend to the Fund Administration and / or provide Advice services to you we will arrange for the fund to be audited. .

If as the trustee of the fund you attend to the fund administration and produce the financial statements we can provide an independent audit service to your fund. This is assessed on a case by case basis and will depend on the accounting experience and competency of the trustee. Please contact us to discuss your individual needs.