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PKF Australia

Accountants and Business Advisers

Self Managed Super Funds

Thinking of setting up an SMSF?

So you are thinking of setting up a Self Managed Superannuation Fund? Great – we would love to help!

If you do set up an SMSF, then you are IN CHARGE. YOU will be responsible for the investment decisions for the fund, and for complying with the super and tax laws. Your fund MUST be run for the sole purpose of providing retirement benefits for the members or their dependents.

The Australian Taxation Office (ATO) has put together a short video that helps explain why you might want a self managed superannuation fund.

Re-cap

  • Look at your individual circumstances to ensure an SMSF is right for you
  • Serious consequences for you and your fund if you get something wrong
  • Set up and ongoing expenses apply – it’s not necessarily a cheaper option
  • Rules and regulations around what you can and can’t invest in
  • YOU will be responsible for investment decisions and complying with super and tax laws. If you don’t know what you are doing, your super returns may suffer
  • You need time, interest and capability to run your SMSF successfully – it is not a hobby
  • You need to have workable relationships with the fund members
  • SMSFs might be popular, but don’t suit everyone

If all of this sounds a bit intimidating – there is an answer. Our advisers can help with all aspects of SMSF establishment, administration and strategy.


Our Specialists Throughout Australia

Adelaide
>
Self Managed Super Funds
Brisbane
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Self Managed Super Funds
Gold Coast
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Self Managed Super Funds
Hobart
>
Self Managed Super Funds
Melbourne
>
Self Managed Super Funds
Newcastle
>
Self Managed Super Funds
Perth
>
Self Managed Super Funds

Get in touch

For more information on how our services can help your business get in touch.

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