Many people are disheartened by the performance of their superannuation funds. Could you do a better job with a Self-Managed Superannuation Fund?
Self-Managed Superannuation Funds are increasing in popularity. However, it is imperative that you understand the roles and responsibilities that you take on when controlling your own superannuation.
We can help you with the setup of your Self-Managed Superannuation Fund (SMSF), including advice and assistance in:
Whilst a SMSF gives you control of your Superannuation money you must also meet the compliance requirements that come with running your own fund. Your SMSFs will have to prepare Annual Financial Statements and Income Tax returns each financial year. These must also be audited by a SMSF auditor to ensure compliance with relevant legislation.
Better Business Advice can assist in the following Annual Compliance requirements:
Many clients are interested in the concept of using their Superannuation to purchase property. It is imperative that you get advice on these transactions before signing any contracts for sale. Failure to get correct advice could see you with a non-complying Superannuation fund and large penalties.
Whilst there are a lot of taxation and asset-protection benefits to holding property through a SMSF, there are also a lot of regulatory requirements that need to be met and limitations on the use of the property. Please be careful of cold-calls or marketing offers for SMSF Setups and property purchase. We have had a number of people come to us after taking up these offers only to find out they are non-compliant, having spent thousands of dollars and not understanding what they have got themselves into.
Rather than you having to see a number of professionals to complete this transaction we have developed a team who specialise in this area. We can setup the structure required for your SMSF to borrow and also find the best SMSF Loan to suit your needs.
We cater for both Commercial and Residential Property purchases and we will be with you the whole way from the setup of the fund through to the settlement of the property. Alternatively, we also offer advice of a number of other investments for your SMSF including term deposits, fixed interest, shares, and managed funds.
