Self-Managed Superannuation Funds


It is an interesting fact that four Self Managed Superannuation Fund (SMSF) are set up every hour in Australia. The major reasons driving the increase in popularity of SMSF lies in the members having;

  • Greater Control over their Super
  • Greater flexibility in respect of the investments the fund can make
  • Ability to maximise investment returns compared to industry funds  and minimise tax
  • The ability to reduce and minimise the fees and costs usually imposed upon superfunds
  • Maximum flexibility in establishing and managing pensions, including account based, transition to retirement and term allocated pensions
  • The ability to own business real property in your superannuation fund which can assist you and your business.

Gain greater Control and Flexibility over your Super

By setting up your own SMSF, you can control and decide upon how your retirement savings are invested and managed. With an SMSF you have other investment options not normally available through industry and institutional superannuation funds including the ability to buy residential and commercial properties, shares, bonds, precious metals and other exotic investments.

The flexibility of your SMSF allows you to invest in a wide range of asset classes gives you the ultimate in flexibility and allows you to identify and seize upon investment opportunities with the view of maximising your superfund's long term investment returns.

Another benefit of a SMSF is that you can have up to four members in the one fund which allows you to pool your resources and minimise the overall cost per member. As you control your SMSF you have direct control over your investments and have the ability to adapt quickly to any changes in the market or new opportunities.

Maximise your returns and minimise your fees

Based on a 2009 Federal Government report into SMSF's it was found that over a three year period (2006-2008) outperformed APRA regulated funds measured at a whole of industry level. The same report also found that operating costs or fees attached to running a SMSF were also lower when compared to Industry and Retail funds.

Depending on your circumstances and the funds available for investment, a SMSF could be the perfect vehicle for you to manage your retirement savings and maximise its potential. If you would like to discuss whether a SMSF is best for you and your circumstances – please contact Jason Murray for a free initial meeting where we can consider your financial goals in greater detail.

SMSF Establishment

It is an interesting fact that four Self Managed Superannuation Fund (SMSF) are being set up every hour in Australia.

The reason for the increase in popularity of SMSF's lie in your ability to manage and control your own investments along with a greater degree of flexibility in respect of the type of assets that your SMSF can own compared to an industry or institutional fund.

At ACG, we can attend to all the necessary work required to establish your SMSF including preparation of Trust Deeds, incorporation of a Corporate Trustee (if required), application for tax file number and ABN as well as all of the other administrative tasks involved in setting up a SMSF.

If you are thinking of setting up your own SMSF or would like more information as to how setting up your own SMSF could benefit you please contact us to arrange a free first meeting where we can consider your circumstances and advise on the best course of action.

In addition to being able to set up your fund within 24 hours we also provide our clients with a fixed fee for setting up all SMSF which means that there are no hidden costs and no surprises.

SMSF - Accounts and Income Tax

At the end of each financial year, each SMSF will need to prepare financial statements to provide to its members and prepare an income tax return to determine how much income tax is payable to the ATO.

Whilst this may seem overwhelming, at ACG we can attend to the preparation and lodgement of your SMSF accounts with ease by utilising our Class Super software which streamlines the reporting process and provides members with real time information regarding the financial position and performance of the fund via our secure web login.

If you would like to get access to more relevant and timely advice in respect of your SMSF and have someone attend to all of the end of year administration issues associated with the fund then contact us today for an obligation free fixed price quotation.

SMSF - Audit

Every SMSF needs an annual audit by an independent auditor to ensure that it complies with all the rules and regulations governing Superannuation Funds. If Trustee's get it wrong it could mean that your SMSF becomes a non-complying fund and in the worse case scenario loose its concessional tax treatment resulting in the fund having to pay 46.5% in tax upon the value of the assets in the fund.

At ACG, we have streamlined the audit process so that you do not have to do any work in respect of finding an approved auditor and have even negotiated a fixed price for the audit in advance.

We submit all the accounting and tax records to the auditor via our class super system which streamlines the audit and allows the audit to be completed in the minimum possible amount of time.

Upon finalisation of the audit, the auditor will either provide an unqualified audit opinion stating that the fund has complied with all regulations or where breaches in compliance have been identified, we will discuss these with you to help the fund get back on track and rectify any issues should this be the case.

SMSF - Investment Advice & Property Investment

Setting up a SMSF is just the first step towards managing and maximising the potential of your superfund. The key to the superfund's success will be in respect of maximising your investment returns over the long term and managing the underlying risk of your investments.

Whether you need comprehensive investment advice on how to structure a share portfolio or managed funds or just require an annual review of your investments, our financial planning division – Alpha Consulting Group* - can provide you with the necessary investment advice on how to best structure and select your investments.

We can also assist you in respect of structuring property purchases within the fund and how borrowing within a SMSF to buy a property may be of benefit to you.

If you would like to arrange a meeting to discuss your SMSF investments contact us today to arrange an obligation free initial meeting where we can discuss your needs any the value we can provide.

*Alpha Consulting Group Pty Ltd offers financial advice as an Authorised Representative of Count Financial Limited ABN 19 001 974 625, Australian Financial Services Licence Number 227232 ("Count") using Count's Approved Product List. Count is a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Please note that any taxation and accounting services are not endorsed nor the responsibility of Count Financial Limited.

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