Our network partner JBS Financial Strategists PL offer a wide range of services, and their professional team can provide expertise and advice to those already with a DYI SMSF or those wishing to set one up for the first time.
Self managed super funds
Are you Interested in setting up your own DIY Self Managed Superannuation Fund?
If you would like to discuss the pro's & cons, costs and all aspect associated to the establishment, implementation, compliance and ongoing administration of a Self Managed Super Fund, please call us and we can assist you with this.
The number of Australians choosing to manage their own super through a self managed super fund (SMSF) is larger than you might think. As at June 2012 there were over 478,000 SMSFs with a total of over 900,000 members, with $439 Billions in Funds under management.
Starting a DIY SMSF
Establishing an SMSF can provide an alternative retirement saving vehicle and can give you greater control and flexibility. The ability to choose your own strategy and investments, as well as the tax benefits of superannuation, make SMSFs a unique investment tool.
Before you decide to establish an SMSF, it’s important to consider a few key issues:
Financially, SMSFs are generally only worth establishing if you have a significant level of assets as there are cheaper options, such as establishing a regular personal superannuation account
The administration and record-keeping of an SMSF is onerous, extensive and rigorously monitored by the Australian Taxation Office, although it is possible to get assistance with this from professional administration providers
All trustees are legally liable for the fund.
SMSF & FINANCIAL ADVISOR
SMSFs can be complex, but an authorized and specialist Financial Planner is dedicated to making them simple to understand. If you would like to find out whether an SMSF may be appropriate for you, why not ask us about the network partners who may be able to help you out.
Establishment of the Fund including;
Provision for Super Trust Deeds
Set up of Corporate or Individual Trustee's
Completion and Lodgment of Initial Compliance Documents
Detailed Investment Stratergy
Assist in Rollover of Fund Monies to DIY Fund from other Funds
Assisting in the drafting of Binding Death Benefit Nominations
Pension Strategies and Minutes
Transition to Retirement Strategies
Compliance Documents for ongoing maintenance of the Fund