Self-managed Superannuation

We are Self-managed Superannuation Funds (SMSF) Experts

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As the government encourages Australians to take responsibility for their financial retirement goals, people have to deal with superannuation funds. Self-managed superannuation enables you to control your investment strategy, reduce tax while obtaining tax benefits, and control administration costs. It's a very effective means of saving for your retirement, although the law around it is delicate and individualised planning is required. 

Luckily the team at Balanced Business Accounting in Brisbane are superannuation experts who'll simplify the process and assist you in establishing a superannuation fund. 

 

Our self-managed super fund services include:

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• Establishing self-managed superannuation funds

• Completing information for the Insurance and Superannuation Commissions

• Superannuation audits

• Advice on compliance matters 

• Advice on taxation benefits

• Advice on employer obligations.

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There are several trust laws and legislative requirements for setting up a self-managed superannuation fund. Typically you need to: 

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• Obtain a trust deed 

• Appoint trustees 

• Sign a trustee declaration (NAT 71089) 

• Elect to become a regulated fund

• Obtain a tax file number (TFN) 

• Obtain an Australian business number (ABN).

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Some of the benefits of a self-managed superannuation fund include:

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• Numerous ways to invest

• Provides greater control over your costs

• Offers a range of flexible & tax-effective options