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Self-Managed Superfund

SMSF

Having an SMSF allows you to control how your super is being invested. Whether you’re interested in shares, managed funds, direct property or a combination, a SMSF gives you the flexibility to make those investment decisions.

Whether you require investment, administration or auditing services, our experts from both our financial planning and accounting teams will have you feeling more equipped than ever to manage your own fund.

OUR EXPERTISE

Wright Evans Partners has in-depth knowledge and experience to assist you throughout the entire SMSF process.

Tax Accountants can help you with:

  • Applying for and registering for a Tax File Number, Australian Business Number, GST and PAYG
  • Prepare, manage and administering your SMSF

Financial Planning can help you with:

  • Setting up a Self-Managed Super Fund
  • Assist with super planning and organising investment strategies
  • Preparation of tax-effective pensions and retirement planning.
  • Investing in property

SMSF Auditor can help you with: 

  • Annual super fund audits
  • Organising a complying Trust Deed

The main rationale for establishing your own SMSF is the increased level of control you have, as well as the investment choice and flexibility. You become the trustee of your fund or the director of the Trustee Company and therefore make decisions on your fund’s investment strategy and the type of assets that are held within your fund.

Furthermore, similar to all complying super funds, a SMSF is taxed at a concessional rate. The top tax rate for investment earnings from your SMSF is 15 per cent. This tax concession, however, is only available for complying funds – which are SMSF’s that fulfill all the rules set out by the ATO, the Superannuation Industry (Supervision) (SIS) Act 1993 and the SIS Regulations.

Your fund’s compliance with superannuation law is vital and you are legally accountable for ensuring your fund complies with all the rules – even if you pay for professional management.

The main components of compliance for an SMSF relate to:

  • how and when a SMSF is permitted to borrow
  • in-house asset rules
  • acquisition of assets from related parties, and
  • conducting all dealings at arm’s length
  • contributions
  • withdrawals

The foundation of the Superannuation regulatory system is the ‘sole purpose test’ – the sole purpose of your fund should be to provide retirement or death benefits to fund members and their family.