Self Managed Super Funds (SMSF)
As the Government encourages Australians to take responsibility for and reach their financial retirement goals, citizens are repeatedly required to deal with Superannuation funds. Self-managed Superannuation is a means of saving for retirement. It allows you to control your investment strategy, reduce tax while obtaining tax benefits, and control administration costs. Superannuation law is a delicate area and personalised planning is required for each individual. At Bentleys we are superannuation experts, and can assist in establishing a superannuation fund that will effectively allow you to reach your financial retirement goals. It is imperative that the decision to establish a SMSF is only undertaken after advice has been received from a Financial Planner. Bentleys is able to provide a referral to quality advisors in this regard.
Services we offer include:
- Establishment of Self Managed Superannuation Funds
- Superannuation Audits
- Advice concerning Compliance Matters
- Superannuation Fund Financial Statement Preperation
- Advice concerning Taxation Benefits
- Advice on Employer obligations
There are several trust laws and legislative requirements for setting up a self-managed superannuation fund (SMSF).
Typically you need to:
- Appoint trustees
- Sign off on an ATO trustee declaration (with an understanding of what you are agreeing too)
- Elect to become a regulated fund
- Obtain a tax file number (TFN)
- Obtain an Australian business number (ABN)
At Bentleys we are able to assist you with making decisions in regards to the above and in preparing/lodging the relevant applications so your establishment is undertaken efficiently and with understanding.