Self Managed Superannuation Funds
Superannuation is a means of savings for retirement. It is compulsory for all workers. Employers are obliged to contribute an additional percentage of the salaries to their workers' superannuation.
Employees can choose which superannuation fund they would like to have their contributions paid into, including a self managed superannuation fund (SMSF).
We can administer the superannuation obligations of employers as well as help employees establish a self managed super fund.
Advantages of an SMSF:
- Control over how your money is invested
- Avoid expensive fees charged by common superannuation funds
- Ability to borrow to purchase investment properties (on an arms-length basis)
- Support your tax effectiveness strategies
- Flexible and timely investment decisions based on market conditions
- Nominate up to four fund members (e.g. your family) to increase savings and minimise fees
- Lower fees compared to industry and commercial funds (depending on your balance)
- Flexible pension planning
- Control and flexibility in estate planning
- SMSFs can borrow to invest directly in residential and commercial property
- Small business owners may be able to lease their business premises from their SMSF
Our SMSF Services:
Right advice in taxation is important as SMSFs are the ATO's key focus area. We assist you with all of your SMSF accounting and tax compliance requirements including:
- Bookkeeping and posting of data
- Preparation of financial statements
- Annual tax returns
- Audit compliance and liaison
All our services are cost effective and tax deductible.
