Self-Managed Super Fund Advice
Your Wealth Financial Planning Group, Financial Planners are accredited SMSF specialists.
What is a Self Managed Super Fund?
Self-managed super funds (SMSF) are the largest and one of the fastest growing super segments in Australia.
An SMSF is one where you, as a trustee and member, have responsibility over the management, investment and administration of your super fund. SMSFs are quite different from other super funds because they’re run by you, for you and any other members of your SMSF. SMSFs are established for the purpose of building retirement savings.
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A super fund (except in the case of a single member fund) is an SMSF if all of the following apply:
- the fund has up to four members
- if the trustees of the fund are individuals, each individual trustee is a member
- if the trustee of the fund is a corporation, each director of the corporation is a member each member is a trustee of the fund or a director of the corporate trustee of the fund no member is an employee of another member, unless they are related and no trustee of the fund (or director of a corporate trustee) is paid for services performed in relation to the fund, except in certain limited circumstances.
- It is also possible for you to set up your fund with only one member.
SMSF structures can be quite simple or complex depending on your needs. There’s a lot to consider, but you can outsource aspects, such as administration, to save you time and free you up to focus on what’s important to you.
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Great Vehicle
for Family
Wealth
Many Australian’s use SMSF’s to put certainty around the tax effective “transfer of wealth” from parents to children, and balance out cash-flow (money-out can be funded by money-in to prevent selling down assets, for example).
Customise
Arrangements
for Members
Any single SMSF can have up to four members, and each member an “account” with the SMSF. Being your own trustee(s) you can work with First Capital to manage your superannuation obligations perfectly.
Complete
Investment
Flexibility
An SMSF is a type of Legal Trust under the advantaged Superannuation Tax structure, and like a trust can invest money directly into markets or property. It is because of this incredible freedom, there are many responsibilities placed on trustee’s.
Opportunities
for Small
Businesses
There are many different ways to address issues around small partnerships and family businesses using SMSF’s. If you own a small business talk to an adviser today to see what can work for you.