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Self Managed Super Fund

The SMSF sector is growing at a rapid rate. The SMSF sector has become the largest segment in the superannuation industry currently accounting for 34% and more than 2,500 new SMSFs are being established each month in Australia.Superannuation total assets are predicted to reach $3 trillion by 2018 and approach $7 trillion by 2028. The SMSF sector is expected to hold almost half of all superannuation total assets by that time.
SMSF is a great way to save towards your retirement. Not only is the income earned in a superannuation fund taxed at a flat 15%, but also enjoys potentially claiming a tax deduction of up to $25,000/year and having the ability to drawdown a tax-free pension once you have reached a certain age.
There are even greater benefits when you invest in a Self-Managed Super Fund (SMSF), which is why SMSF’s have been increasing in popularity the past few years. The additional benefits you could also be enjoying:
  1. Ability to take advantage of limited recourse borrowing arrangements and directly invest in property
  2. Ability to make non-cash concessional contributions to invest in real property and listed sharesup to the bring-forward cap of $450,000
  3. Ability to control the choice of investments in your superannuation
  4. Ability to rollover your current retail super balances into your SMSF without it affecting your yearly contribution caps
  5. Ability to pool all 4 members’ funds to invest in assets
  6. Greater flexibility in changing investment strategies to suit legislative changes
  7. No longer having to pay for the management and administrative fees charged by retail fund managers
How we can help:
  • SMSF set up
  • Registration of ABN and TFN for your SMSF
  • Preparation and lodgment of end of year accounts and annual returns
  • Preparation of annual audit
  • Business Activity Statements
  • Technical advice on SMSF