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Superannuation & Retirement

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Self Managed Super Funds (SMSF)

Is a SMSF right for you? An increasing number of people are opting for SMSF's. In brief, the members of self managed funds are also the trustees and therefore control how their contributions are invested and the payment of benefits. Our specialists can take you through the advantages and pitfalls of SMSF's enabling you to clearly see whether this is the right strategy for you.

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 and how you can access the funds.

To work out whether a SMSF is right for you, here are some things to consider:

Know your options, 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 auditing obligations.
You must appoint an independent approved auditor to audit the fund each year.

An approved auditor:

Examines your fund's financial statements

Assesses your overall compliance with the super laws

There are strict rules that govern how you can use a SMSF and how you can invest your money. That's why speaking with a professional can put your mind at ease and assist you to make the best decisions.

For further information or to book an obligation free appointment to discuss your circumstances:

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Tel (within Australia): 08 8221 6515 Tel (international): +61 8 8221 6515