SELF MANAGED SUPER FUNDS

There are now more than 300,000 Self Managed Superannuation Funds (SMSF) in Australia and the number continues to grow.

A SMSF is basically a superannuation fund with one to four members who are also trustees responsible for the investment strategy and administration of the fund within strict Australian Taxation Office (ATO) guidelines.

In assessing whether an SMSF is suitable for you we prompt the following questions:

  • Do you have a substantial amount in personal superannuation? (As a guide, a minimum of $200,000 would be required due to establishment costs and ongoing management fees).

  • Do you enjoy learning about your investments and have the time to regularly review their performance?

  • Would you like increased flexibility in estate planning, more investment options and greater responsibility for your own retirement funds?

If you answered yes to these questions, you may be suited to having your own SMSF.

Whilst there are potentially great benefits, having a Self Managed Super Fund requires time, effort and discipline plus they also attract extra ongoing fees including annual audit fees. 

 

Since 1 July 2016, advice about superannuation must be provided through an Australian Financial Service Licence.

 

In order to provide personal advice to our clients in relation to superannuation and self managed superannuation funds, Elevated Accounting has chosen to be authorised through the SMSF Advisers Network Pty Ltd (SAN) – the Australian Financial Services Licence of the National Tax and Accountants’ Association Ltd (NTAA).
 

SAN supports our practice in providing advice regarding:
 Establishment of SMSFs
 Contribution strategies (amounts, types, withdrawal and recontribution)
 Pension strategies (account based and transition to retirement)
 Transfer of business real property into superannuation
 Withdrawals, commutations and death benefit payments
 Limited Recourse Borrowing Arrangements

 Provision of an asset class investment strategy (based on an assessment of your risk profile)

 Winding up of SMSFs

 

The person at this practice authorised by SAN to provide superannuation and self managed superannuation fund advice is:

 

Craig McArthur - Authorised Representative No. 124 8030

If you have any questions in relation to your superannuation, please ask to make an appointment to speak with us.

 

The SMSF Advisers Network Pty Ltd is an Australian Financial Services Licensee (No.430062), and is a fully owned subsidiary of the NTAA.

 

The NTAA has been a leading provider of education for accountants for over 20 years, delivering specialist knowledge in taxation issues and Self-Managed Superannuation Funds. Our practice is pleased to be a member of this association, and benefits from the education they provide.

 

 

Call our office to discuss your superannuation options including establishment of your own SMSF.

Elevated Accounting Melbourne


Tel:             + 61 3 9682 7011
Email:          info@elevatedaccounting.com.au
Address​​​​​​:      Kings Business Park

                  99 Coventry St, South Melbourne, VICTORIA 3205

Postal:        PO Box 669, South Melbourne, VICTORIA 3205

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