Self-Managed Super Funds (SMSFs)
Take Control of Your Retirement with our SMSF Services
A Self-Managed Super Fund (SMSF) gives you the flexibility and control to manage your retirement savings your way. Whether you’re looking to set up an SMSF, need expert guidance to stay compliant, or want strategic advice on growing your super, we’re here to help every step of the way.
What is a SMSF?
An SMSF is a private superannuation fund that you manage yourself, rather than relying on a traditional retail or industry super fund. It allows you to make investment decisions and take control of your retirement planning. However, with great control comes great responsibility, as SMSFs must adhere to strict regulatory requirements set by the Australian Taxation Office (ATO).
Why choose an SMSF?
Greater Control
Choose your investments and tailor your strategy according to your financial goals.
Tax Benefits
Take advantage of concessional tax rates and tax-efficient strategies for your retirement.
Investment Flexibility
Invest in property, shares, term deposits, and other asset classes that align with your goals.
Estate Planning Benefits
Ensure your super is distributed according to your wishes, giving you greater control over your legacy.
Potential Cost Savings
For those with a larger super balance, an SMSF can be more cost-effective compared to traditional super funds.
Our Comprehensive SMSF Services
We provide a full suite of SMSF services to make managing your fund straightforward and stress-free:
SMSF Setup & Structuring
Assisting with fund establishment, trust deed creation, and member structuring.
Ongoing Compliance & Administration
Handling ATO lodgments, regulatory reporting, and ensuring adherence to super laws.
Tax Returns & Reporting
Managing annual tax obligations and providing timely reporting to keep you informed.
Audit Coordination
Working with accredited SMSF auditors to ensure compliance.
Pension & Retirement Planning
Structuring your SMSF to provide income streams during retirement.
Why Work With Us?
We understand that managing an SMSF can seem daunting, but with our expert guidance, you can enjoy the benefits without the complexity. Our personalised approach ensures that your fund aligns with your financial objectives while remaining compliant with Australian regulations. We simplify the process so you can focus on building your wealth and securing your retirement future.
Frequently Asked Questions
Who can have an SMSF?
An SMSF can have up to six members, typically consisting of family members or business partners who wish to manage their super together.
Do I need an accountant for my SMSF?
Yes! SMSFs come with strict compliance requirements, and professional advice ensures your fund stays on track and meets legal obligations.
How much do I need to start an SMSF?
There’s no fixed minimum, but SMSFs are generally more cost-effective with larger balances (typically $200,000 or more). A larger balance helps cover compliance and administration costs while maximizing investment returns.
Can my SMSF purchase property?
Yes! SMSFs can invest in residential and commercial property, provided they comply with the sole purpose test and borrowing rules under limited recourse borrowing arrangements (LRBAs).
What are my responsibilities as an SMSF trustee?
As an SMSF trustee, you are responsible for making investment decisions, ensuring compliance with super laws, lodging reports with the ATO, and acting in the best interests of fund members.
Can I use my SMSF to buy a holiday home or personal assets?
No, SMSF investments must comply with the sole purpose test, meaning they must be used solely for providing retirement benefits. Purchasing personal-use assets like a holiday home or a boat is not allowed.
What happens if my SMSF becomes non-compliant?
If your SMSF fails to comply with ATO regulations, it may face significant penalties, including taxation at the highest marginal rate. This is why expert guidance is essential to maintaining compliance.
Can I borrow money to invest through my SMSF?
Yes, but only under specific conditions. SMSFs can borrow under a Limited Recourse Borrowing Arrangement (LRBA), which allows the purchase of assets while ensuring the lender’s recourse is limited to that asset.
Can I add more members to my SMSF later?
Yes, as long as the total number of members does not exceed six, you can add new members, such as family members or business partners, if all trustees agree.
How do I close an SMSF if I no longer want it?
Closing an SMSF involves a formal wind-up process, including selling assets, finalizing tax obligations, and lodging final returns with the ATO. We can assist you in ensuring a smooth and compliant closure.
Get Started Today
If you’re ready to take control of your retirement savings and build a secure financial future, we’re here to help. Whether you’re just starting or need expert guidance on managing your SMSF, our team is ready to assist you.
Book a consultation with Rachelle Wilson to discuss your SMSF needs today! Let’s take the first step toward your financial freedom together!