Have you been wondering what makes SMSF so popular? What are the benefits of establishing a SMSF?
Today Self Managed Super Funds (SMSFs) has become the largest and fastest growing segment of the superannuation industry in Australia, with almost $408 billion under management. This figure is almost triple what was recorded in 2010. If you are keen about retirement planning and getting control of your investment strategies, then this might be for right for you.
Basically a Self Managed Super Fund is a superannuation fund having fewer than 5 members. A SMSF must have its own bank account and a trust deed, which stipulates who can become a fund member, how they’re admitted as a member, what can the fund invest in, and who are entitled to the benefits.
When running a SMSF the members also must keep comprehensive records, lodge an annual tax return, and arrange an annual audit completed by an approved SMSF auditor.
Our SMSF services include:
- Advice on Compliance Matters
- Advise on Taxation of Benefits
- Advise on Employer Obligations
- Maintain compliance records
- Lodge and audit annual tax returns