Self Managed Superannuation Funds (SMSF) and You


Self managed superannuation funds (SMSF) are designed for the individual and families who like to control their own investments.


Anybody can own a Self Managed Super Fund but we’ve found they work most effectively for those people who have a large portfolio of cash and shares as well as other assets like rental homes. Most importantly, people who start a SMSF want to take greater control over their super.


SMSF can also be ideal for business owners who wish to invest in business assets such as direct property holdings.


Generally, before we set up an SMSF for you, we go through what is involved in setting up the Fund and what is required to ensure they work effectively as a means to save for retirement. Not only is there a lot of paperwork required to set up an SMSF, each year the ATO requires a great deal of paperwork, including an external audit.


What benefits are there in a self managed super fund?


  • • The number one benefit is that the Trustees (owners of the SMSF) can take greater control over their super assets. Rather than
    having large amounts of money invested by external Fund Managers, the members of the SMSF can make their own investment
  • • High net worth clients who own assets like rental properties, business assets and even works of art.  Other assets like direct shares
    can be traded inside the fund and the tax benefits of franked shares are captured by the SMSF
  • • SMSFs provide large greater flexibility with tax planning tax breaks if they are structured correctly. Qualified tax advice is essential for
    making smart investment decisions with your SMSF
  • • SMSFs are also used with Estate Planning as they can be maintained outside the instructions contained in the Trustee’s Will. This
    means that with the correct structure, beneficiaries can be paid tax free payments from the SMSF.


What is the downside of SMSFs?


Self managed super funds have gained more acceptance in recent years due to their taxation benefits. However, they are not for everyone. There is additional administration and responsibilities required for a SMSF as compared to a regular superannuation fund.


How we can help you with SMSF


We are specialist SMSF advisers who can arrange the ‘set-up’ and administration of your SMSF. If you already have a SMSF, we can work alongside you to ensure it complies with the necessary requirements.


How to get started


Give our friendly office a call and arrange a time for a conversation with one of our financial advisers. We will discuss to see if a SMSF is right for you and help you make informed financial decisions to secure your financial future with certainty – Click to Contact TP Financial Advantage