1979 Companies Offering Superannuation Services

SMSF's

If you spend time reading up about SMSF’s you’ll come across a lot of precautionary advice; and quite rightly so as they are complicated and shouldn’t be rushed into without careful consideration. Yet they are one of the fastest growing Australian super sectors, so if you are thinking of investing they should be on your research list.

What is a SMSF?

SMSF – self-managed super funds – is basically a retirement fund. It differs from other types of funds in that the members are also the trustees. The trustees run it and have to ensure they comply with all legalities. There can be up to four trustees in one SMSF.

What are the Benefits of an SMSF?

An SMSF is ideal for someone who likes to be able to control their own fund, and make the decisions behind the investments. There is more choice open to you when it comes to which investments to include, as you can access a wider list than other super funds. All listed shares are on offer, plus some unlisted, property and collectables.

As the fund allows up to four members, it’s a great choice for families, and allows you to reduce the fund cost, whilst investing in high value assets. There is also greater flexibility when it comes to estate planning, as there are less constraints compared to other super funds when it comes to completing a binding death benefit nomination.

Although the percentage of tax paid out while you are building your fund is the same as other funds, you have much greater control when it comes to the timing of tax events. You can also put your assets into your SMSF.

What Considerations Should I Make before Setting up an SMSF?

As with all things in life, an SMSF is not all plain sailing. Before you decide to go ahead with it, you need to ensure you have the time to manage it. It is also a good idea to go in with plenty of knowledge and skills, as you are responsible for all legal obligations.

SMSF generally need a good investment to make them worthwhile, which is about $350,000, but it may be that you don’t need the benefits of an SMSF and a different super fund could be a better option for you.

Can I get Professional Help?

Getting professional help is highly recommended, as you will need an auditor to review the fund annually and make sure it is operating legally. An accountant can also look after all the record keeping, while providing advice. He will also prepare your tax return on your SMSF. When looking for an accountant to work with, choose a company who is experienced in all SMSF matters.

If you have the time and the money to manage your SMSF it is an excellent option. However, if unsure speak to an experienced Accountant; remember, accountants deal with these daily and are best placed to give guidance.

Check out the lisintgs below to find a local company that can help you with your SMSF.



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222 Bazaar St, MARYBOROUGH, QLD Central, QLD

0741232044

9,900.94 km away

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PO Box 4680, GLADSTONE, QLD

07 49725177

9,901.71 km away

no reviews

PO Box 91 Woondooma St 4670, BUNDABERG, QLD

07 41535212

9,912.54 km away

no reviews

Warringah 58 Quay Street, BUNDABERG WEST, QLD

07 41535558

9,912.86 km away

no reviews

62 Woondooma St, BUNDABERG, QLD

07 41540425

9,913.15 km away

no reviews

8/79 81 Boat Harbour Drive, URRAWEEN, QLD

07 41246222

9,917.97 km away

no reviews

PO Box 353, HERVEY BAY, QLD

07 41242499

9,918.02 km away

no reviews

PO Box 919, HERVEY BAY, QLD Central, QLD

0741242088

9,918.20 km away

no reviews

Shop 3 Lakeside 6 Liuzzi Street, PIALBA, QLD

07 41242216

9,918.40 km away