Accounting support for

Self Managed super funds (SMSF)

What is a Self Managed Super Fund (SMSF)?

A Self Managed Super Fund (SMSF) is a private superannuation trust structure that provides financial remuneration to its members in retirement. In other words, SMSFs are a way for you to save for your retirement.

SMSFs are regulated by the Australian Taxation Office (ATO). With a SMSF, the fund members are also the trustees (or directors if there is a corporate trustee), and they are responsible for decisions made about the fund and complying with relevant super and tax laws. SMSFs can have up to four members. 

Why choose to set-up a Self Managed Superannuation Fund?

According to research completed in 2018, the two most common reasons individuals may choose to set up an SMSF include:
  • to gain control over investments while minimising tax burdens 
  • dissatisfaction with large superannuation funds.

Our team can help you identify whether a SMSF is a good option for you.

We're here to help you set-up and manage your SMSF in Melbourne

Setting up and managing your SMSF can be complex, especially as they have laws and regulations they must meet. Setting up and managing your SMSF can be complicated. Ensuring your accounting practices in the set-up and management of your fund are done properly is imperative for it to work well for you. 

Our expert team in St Kilda, Melbourne is here to help you with the set-up and management of your SMSF, including:

  • Assist with the initial set up of your SMSF, including sourcing a Deed prepared by a superannuation lawyer or sourcing a particular purpose company to act as the corporate trustee and obtain the various registrations from the ATO
  • Prepare your SMSF financial statements and income tax return, including regulatory reports to members and the ATO, either from the source documents or using our sophisticated and dedicated superannuation software
  • Organise the audit of the SMSF and Actuarial certificate (if required)
  • Ensure compliance with all regulations
  • Provide factual information about superannuation, including explaining the different superannuation choices and contribution limits
  • Provide factual advice about consolidating superannuation assets into a single fund
  • Provide advice around administration and operational issues for a SMSF
  • Provide factual information on the insurance risks associated with changing superannuation funds
  • Discuss the pros and cons of a corporate trustee versus an individual trustee for a SMSF
  • Advise on the deficiencies of a trust deed
  • Value the assets within the superannuation fund
  • Providing calculations on the minimum and maximum pension amounts for a superannuation fund
  • Set up the administration for a pension from the SMSF upon receipt of client instructions.

Financial Planners

We can refer you to reputable financial planners who can provide you with the required statement of advice (SOA) when required.

What Our Customers Have To Say​

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