SELF-MANAGED
SUPERANNUATION
FUND SERVICES

Better Business Advice - Self-Managed Superannuation Fund

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.

Setup of a Self-Managed Superannuation Fund

We can help you with the setup of your Self-Managed Superannuation Fund (SMSF), including advice and assistance in:

  • Is a SMSF right for me?
  • Trustee Types
  • Setup or Purchase of SMSF Trust Deed
  • Registration Requirements
  • Learning your Roles, Responsibilities, and Administration Requirements
  • Rolling over your Superannuation
  • Investment Options (what you can and can’t invest in)
  • Preparing your fund for Gearing and Property Purchases
  • Record-keeping and Compliance Requirements

Assistance with Annual Compliance

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:

  • Preparation of Annual Financial Statements
  • Preparation of Annual Income Tax and Statutory Returns
  • Preparation of Interim Financial Statements
  • Preparation of Member Statements
  • Preparation of Centrelink Schedules
  • Organisation of an external party to complete the Funds Audit

Using Superannuation to purchase property & other investments

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.

Send us a message

Want to talk to us about Self-Managed Superannuation Funds?

Send us a message below, and we'll get back to you as soon as we can!

BETTER BUSINESS ADVICE

8A Naples Place, Wyong, NSW 2259

PO Box 149, Wyong, NSW 2259

02 4351 2330

Admin@BBAWyong.com.au

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