Self-managed Super

Self-managed Superannuation Funds (SMSFs) - Administration

A Self-managed Superannuation Fund (SMSF) is a superannuation fund with no more than 4 members. 

The main advantages of having a SMSF include; 

  • Greater control over your investments
  • Flexibility to invest in different asset classes
  • Greater opportunity to reduce tax, while obtaining tax benefits
  • Greater transparency, seeing what actual costs are incurred, what actual income is earned.
  • Lower Administration fees
  • The opportunity to borrow or gear into property

Superannuation law is a delicate area and personalised planning is required for each individual. At SSAS, we are superannuation experts who can assist in establishing a superannuation fund that will effectively enable you to reach your financial retirement goals. 

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

  • 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) 

SSAS can help you establish your fund, and if you currently have a SMSF, SSAS will prepare the fund's Annual returns, electronically lodge the Tax Return, electronically lodge any Instalment Activity Statements (IAS) or Business Activity Statements (BAS). 

We file the fund's supporting documentation in a user friendly format, for the independent auditors.

In addition, SSAS can provide the following; 

  • Strategies for Tax Savings - salary sacrifise & commencing superannuation pension
  • Strategies to transfer assets tax effectively into the Fund
  • Borrowing within SMSF to purchase property
  • Strategies to minimize death tax, income tax for members and their spouse/children 

Self-managed Superannuation Funds (SMSFs) - Audits

With the Australian Taxation Office (ATO) strictly enforcing compliance more than ever before, it is of utmost importance to have one's SMSF audited by someone with the necessary experience, skills, and willingness to advise/educate the Accounting firm & its' clients. 

SSAS can offer your Accounting firm and clients; 

  • Independence in accordance with CPA Australia's professional code of conduct
  • Focus on adherence to the Superannuation Laws & Regulations
  • Quality assurance
  • Fixed Price agreement - Excellent value for money

 

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