A Self-Managed superannuation fund is a special type of trust, set up and maintained for the sole purpose of providing retirement benefits to its members (the beneficiaries). One of the key benefits of an SMSF is investment control, and the wider investment choices such as residential and commercial property, collectibles, term deposits, and direct shares that SMSF members have compared to industry and retail super funds.
Considering your future and putting in place safeguards to protect your wealth are two key driving forces behind the trend toward establishing Self-Managed Superannuation Funds (“SMSF”).
Thinking of setting up a SMSF?
We all know super is a fundamental ingredient added to investment and retirement strategies. The tax benefits of creating wealth through super when you are working, and tax-free income after you retire are very enticing. So, if you want to take the next step to figure out how to independently manage your own super using an SMSF you are in great hands.
We have integrated SMSF for many years, and if you have been looking for the right financial advice, we can help you set up your SMSF and manage its ongoing compliance needs. Lazarides Premetis & Haddad Accounting Services offers a range of services and advice to support and manage your SMSF.
SMSF SET UP
We have many years of experience in establishing SMSFs and will work with you to ensure your SMSF is set up correctly so that it’s eligible for tax concessions, can receive contributions, and is as easy as possible to administer.
Our complete SMSF Establishment Service includes:
A complimentary consultation with one of our team to discuss the regulatory and other obligations.
- Assistance in determining the most appropriate trustee structure for you – individuals or a corporate trustee.
- Appoint your trustees or directors.
- Create the trust and trust deed.
- Ensure your fund is an Australian Superfund
- Register your fund and get an Australian Business Number (ABN)
- Completion of all necessary forms, minutes, and declarations.
- Assistance in the process of setting up a bank account and ETP rollovers transfer process from your existing super to your SMSF.
- Get an electronic service address if your SMSF receives contributions from other employers.
- Prepare for an exit strategy in case of unexpected events.
SMSF MANAGEMENT
Our Team regularly reviews our clients’ personal circumstances and advises them on opportunities and strategies to maximise their accumulation of wealth. We assess their superannuation options annually (at least) to ensure that by retirement their growth has occurred in the most tax-effective manner. Managing an established Self-Managed Superannuation Fund (“SMSF”) can be a time-consuming and costly exercise without expert guidance
Our range of SMSF Administration & Compliance services include
• Retirement pension and transitional pension advice
• Strategic Taxation Planning for super fund beneficiaries
• Specialist SMSF team to prepare compliance, accounts, tax returns, and arrange the fund’s audit.
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