Self Managed Super Funds
With the capital value of industry and institutionally managed superfunds decreasing due to the drop in the share market, why not set up your own Self Managed Superfund and have the unique advantage of investing your money in options that match your risk factor.
Self Managed Super funds (SMSF), also know as DIY super funds, give the members a level of control and flexibility that cannot be matched by the alternative.
A SMSF is a superannuation fund with fewer than five members, all of whom are usually family or business related.
Who should have a SMSF?
-
SMSF's are more cost effective when you have assets worth a minimum of $200,000
-
If you're looking for more control over your investments and are willing to committ to managing your fund within the rules and regulations of the super and tax laws.
-
Retirees wishing to start a pension with more flexibility.
-
People looking for the ability to own business real property within the Superannuation fund. Which will assist with funding and cashflow problems for many businesses. (The fund can then rent the propety to a business).
Rules & Regulations
Managing a SMSF is a big responsibility. The ATO states that super is meant for your retirement, so there are special rules about how it's managed and when you can get it. The regulators of SMSFs are the ATO and ASIC, the laws are there to protect you.
Administering your own SMSF can carry risk, you need to know if your superannuation investments are legal, you need to ensure the SMSF funds do not get mixed up with your personal funds or are not used to buy art work to decorate your house, the smallest mistake can lead to a non complying fund.
Superannuation Services
-
We can help you set up a SMSF;
-
Advise you on the establishment, operation, structuring and valuation of a SMSF;
-
Be the Administrators of your fund, taking away the stress of you trying to understand all the rules and regulations;
-
Prepare annual financials and income tax returns in line with the super regulations;
-
Establish pensions;
-
Have your fund audited annually;
-
Ongoing technical support; and
-
Our affliate financial advising team can help you with which investments should be in your fund;
If you are considering setting up a SMSF, please contact us to discuss your options. admin@mtaoptima.com.au