With Estate Planning Strategists affiliation with the Phillips Family Office we are accredited specialist in self-managed superannuation funds and are a member of the Self-Managed Super Fund Professionals’ Association of Australia, a highly regarded industry professional association of specialists in self-managed superannuation funds.
Our strategists can guide and advise you on structuring your investments through a self-managed superannuation fund (SMSF). We can also provide comprehensive set-up and on-going administration services for you.
For many Australians, super is one of the biggest investments, if not the biggest investment, they will ever have. A SMSF can provide a great deal of flexibility and control. Combined with well-established trusts you can provide for capital protection and tax-effective management of your wealth. Additionally, your affairs can be arranged so that you receive a more balanced asset assessment.
You can set up your own private super fund and manage it yourself, but only under strict rules regulated by the Australian Taxation Office (ATO). They are sometimes called a ‘self-managed super fund’ (SMSF).
An SMSF can have one to four members. Each member is a trustee.
Running your own fund must be done under strict rules regulated by the Australian Taxation Office. We help manage the complexity in carefully setting up your SMSF through our affiliate Accounting, Administrative & Custodial Services.
The self-managed super fund must:
- Carry out the role of trustee, which imposes important legal duties on you,
- Use the money only to provide retirement benefits,
- Set and follow an investment strategy that ensures the fund is likely to meet your retirement needs,
- Keep comprehensive records and arrange an annual audit by a qualified auditor.