Self Managed Super Funds (SMSF)
As Taxation Accountants, Wise Accountants is ideally placed to provide comprehensive services to Self Managed Super Funds (SMSF) and their Trustees and Members.
Growth in Self Managed Super Funds continues at a staggering pace and represents one of the largest areas of investment for retirement in Australia.
As more and more Australians are demanding direct control of their superannuation investments, Self Managed Super Funds continue to experience regular legislative changes in what is a complex and technical area.
We help clients set-up Self Managed Superannuation Funds and provide ongoing advice and services, including fund compliance, accounting, tax and audit.
If you have an existing Self Managed Superannuation Fund, transferring to us is a simple process. We will not restrict you to any particular investments or service providers (eg. brokers or financial institutions), you can transfer to us and still retain all your current arrangements.
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 $300,000.
If you’re looking for more control over your investments and are willing to commit 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 property to a business).