Self-Managed Super Funds

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Self-Managed Super Funds

These are designed for individuals wanting to control their own Superannuation funds. You can invest and manage your own Superannuation funds, subject to the rules governing all funds, both self-managed and commercial. The fund is for the sole purpose of providing retirement benefits to members.

As of June 12 it is estimated that there were approximately 479,000 SMSF’s, with 41,000 new funds established in 2012.

How do I set a SMSF up?

We can set the fund up for you. Depending on the number of members and what you intend to invest in, will determine if you need a corporate trustee, or individual trustees. 

 

Can I transfer my super from my existing commercial fund?

Yes, this is a simple process. 

 

What can I invest in?

Your fund will require an Investment strategy. Your investments will be in line with this. Common areas that SMSF’s invest in are as follows:

  • Shares
  • Gold/Silver
  • Term deposits/Bank accounts
  • Property-Residential and commercial
  • FOREX Trading

Generally, investments from ‘related parties’ are not allowed (some exclusions apply).

Can I borrow to purchase property?

Yes, SMSF’s can borrow to invest. There are strict guidelines and requirements for these transactions.

We will establish the fund for you, guide you in the administration of the fund, prepare the annual tax return, and arrange the annual audit of the fund.

An initial consultation to discuss setting up a SMSF will take around an hour, and cost $150. If you go ahead and set a fund up, we will reimburse the $150.

The Australian Taxation Office website has some comprehensive information regarding these funds. Take a look: www.ato.gov.au.

 

Self-Managed Super Funds

These are designed for individuals wanting to control their own Superannuation funds. You can invest and manage your own Superannuation funds, subject to the rules governing all funds, both self-managed and commercial. The fund is for the sole purpose of providing retirement benefits to members.

As of June 12 it is estimated that there were approximately 479,000 SMSF’s, with 41,000 new funds established in 2012.

How do I set a SMSF up?

We can set the fund up for you. Depending on the number of members and what you intend to invest in, will determine if you need a corporate trustee, or individual trustees. 

 

Can I transfer my super from my existing commercial fund?

Yes, this is a simple process. 

 

What can I invest in?

Your fund will require an Investment strategy. Your investments will be in line with this. Common areas that SMSF’s invest in are as follows:

  • Shares
  • Gold/Silver
  • Term deposits/Bank accounts
  • Property-Residential and commercial
  • FOREX Trading

Generally, investments from ‘related parties’ are not allowed (some exclusions apply).

Can I borrow to purchase property?

Yes, SMSF’s can borrow to invest. There are strict guidelines and requirements for these transactions.

We will establish the fund for you, guide you in the administration of the fund, prepare the annual tax return, and arrange the annual audit of the fund.

An initial consultation to discuss setting up a SMSF will take around an hour, and cost $150. If you go ahead and set a fund up, we will reimburse the $150.

The Australian Taxation Office website has some comprehensive information regarding these funds. Take a look: www.ato.gov.au.