Superannuation
We consider Superannuation as an amazing tool to help reduce the tax you pay on your income; even more so if you have a Self Managed Super Fund.
By having an Self-Managed Superannuation Fund (SMSF), you can hold residential property, commercial property, lease that commercial property to your business, shares, manage funds and other investments and more than that you can control your investment assets.
Is an SMSF right for you?
While there are many benefits to having an SMSF, there are also risks and other factors to be considered to see if it is an appropriate financial vehicle for your circumstances. There are strict Trustee compliance obligations with an SMSF, and yearly auditing that is required. You are also required to have very active participation in asset investment and monitoring.
“Remember that a SMSF without active participation can have disastrous impacts on your retirement plans.”
Benefits
There are several benefits to managing your own SMSF, such as
- Range of investment options
- Greater investment flexibility
- Control over your investment
- Ability to pool your super
- Asset Protection
- Low fees (for high balances)
- Retirement Income Control
- Estate Planning
- Range of investment options
- Greater investment flexibility
- Control over your investment
- Ability to pool your super
- Asset Protection
- Low fees (for high balances)
- Retirement Income Control
- Estate Planning
Our SMSF Advisers
Our SMSF Advisers are highly qualified and are registered with the relevant industry bodies. Our role as accountants and advisers is to assist you to navigate through the compliance requirements of self-managed superannuation funds to ensure that the fund is run in compliance with ATO, ASIC and APRA.
Enrich (Aust) Pty Ltd (ABN 43 641 628 579) T/A Enrich Accountants and Advisers is a Corporate Authorised Representative No. 01285357 of SMSF Advisers Network Pty Ltd.
Services Offered
SMSF Establishment
As trusted tax advisers and accountants, we can provide you with SMSF establishment advice; helping you to decide whether it is a beneficial idea for you, and your obligations as prospective trustees. If it is concluded that setting up an SMSF is beneficial for you we will help you with
- Setting up your SMSF
- Register your SMSF with ATO (ABN, TFN etc)
- Preparation of minutes and all documentation relating to the establishment of the fund and admission of members and trustees
- Investment strategy information
- Nomination of beneficiary instructions
- Roll-overs of funds held in other superfun
SMSF Tax Compliance & Administration
We can assist you with all of the accounting and taxation required for your SMSF, such as:
- Maintaining detailed membership records
- Preparation of financial statements
- Preparation of the annual tax return
- Preparation of all minutes and associated documentation
- Pension administration
- Arranging for external SMSF audit
Get in touch for an obligation-free consultation
and let us see how we can help you.