Setting up a new Self Managed Superannuation Fund

Self managed super funds have become increasing popular in managing and planning for your own retirement. There are now more than 500,000 SMSF operating in Australia, approximately 48,000 have been established this financial year alone. This industry is predicted to grow further in future years as individuals see the benefits of investing directly into cash, equities, property and other assets.

Key issues for someone considering whether a SMSF is right for you:

  • Control - do you want the ability to control the choice of investments in your superannuation
  • Flexibility - do you want the choice of maintaining your own personal superannuation fund
  • Cost savings do you have sufficient money in your superannuation to take advantage of the cost savings associated with running a SMSF?
  • Trustee responsibilities are you prepared to take on the responsibility for maintaining the SMSF for the sole purpose of providing for the retirement of the members
  • Ongoing involvement are you prepared to invest the time to regularly review the operations of your SMSF, including the investment performance of the fund

We can help you with all aspects of setting up and establishing a self managed superannuation fund (SMSF) including providing the following:

  • The SMSF Trust Deed
  •  Documentation to appoint Trustees
  •  Trustee Declarations
  •  Lodgement of an Election for your SMSF to become a regulated SMSF
  •  ATO application to obtain a Tax File Number of your SMSF
  •  ATO application to obtain a Australian Business Number for your SMSF
  •  Investment Strategy for the fund to adopt
  •  Resolutions and minutes to acknowledge the establishment of your SMSF

Please click on the links below for further information regarding SMSFs

Super Matters Newsletters

Why SMSF?

Thinking about a self managed super fund

7 Things You Need to Know About SMSFs

Please call Macmillans - Accountants on (02) 4933 4444 to find out how we can help you take advantage of the benefits of a SMSF.

 

General advice warning

This information on this page is intended to provide background information only and does not purpose to make any recommendation upon which you may reasonably rely without taking specific advice. In particular it should not be considered financial product advice for the purposes of the Corporations Act 2001.
 

 

 

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Address:40 Church Street

Maitland NSW 2320

Phone:02 4933 4444

Fax:02 4933 7781

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