Self Managed Super Funds (SMSF)

Is a SMSF right for you and your family?

WHAT IS A SELF MANAGED SUPER FUND?

A self managed super fund (SMSF) is a private super fund that you manage yourself and are a way to save for your retirement.

The core difference between a self managed super fund and any other type of super fund is that every member (you and/or your family) are considered trustees.

This also means that you are responsible for managing the fund and complying with super and tax laws. 

SMSF can take time and money, but can offer long term benefits including huge financial outcomes and savings (see our full list of benefitsbelow). Let Solve Accounting take the stress out of managing this.

Want to find out how easy and simple it us for us to manage your SMSF? You’d be suprised how affordable it is!

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WHY SELF MANAGED SUPERFUNDS?

Some of the reasons why Australian's are increasingly wanting to establish SMSF's are listed below:

1. Control: You decide what your super balance is invested into.

2. Visibility: Gives the members P&L & balance sheet visibility.

3. Planning: Forces members to engage with, think about, and take responsibility for their retirement strategy.

4. Royal Commission: Exposed the many dodgy practices and people rife within retail super funds:

5. Low cost: Technological and investment innovations have drastically reduced the cost of operating a SMSF.

6. The Buffet / Bogle effect: Huge (and growing) amount of evidence proving that fund managers damage your financial future:

In that time the growth of the sector has been significant and this is likely to continue. SMSF’s now hold approximately one third of the total superannuation asset pool.

The ATO regulates SMSF and has been doing so for over 20 years. Since the ATO started regulating the sector, it has grown considerably. There are 600,000 funds, with over 20,000 new SMSFs being established every year.

F.A.Q's

There isn’t a minimum to start a SMSF. You can start today with as little or as much as you would like.

It is a personal decision to kickstart your financial ownership of your super fund and adopt a hands on approach with your retirement funds.

No. At Solve Accounting we can handle all the messiness around SMSF and manage end to end the entire process.

Of course it is best to do your own research and compare what’s on the market.

We are 100% transparent about the way we work and want to help you achieve tax efficiency to enjoy your retirement fund. If you have any questions in regards to starting your own SMSF, contact us today!

You can have up to four trustees/members.

To be considered eligible to become a member of an SMSF, they must consent to becoming a trustee.

Children or persons under 18 can also be a member of an SMSF as long as they are represented by a trustee who agrees to act on their behalf. Typically, this may be a parent or guardian.

Warning: Solve is intentionally not AFS licensed and is not holding itself out to be. We operate wholly within the rules outlined in ASIC Information Sheet INFO 216 which can be found here. Specifically, our advice both on this website and also in consultation with anyone individually is limited to establishing, operating, structuring, valuing, exiting or winding up an SMSF for the sole purpose of, and only to the extent reasonably necessary for, ensuring compliance with the superannuation laws. We may provide statements of opinion or recommendations on how you might choose to distribute your available funds across different categories of investments. However, we will never advise anyone to make particular investments through their SMSF or to enter the SMSF system at all. Our information is provided to inform, not persuade, and you should seek an opinion from an AFS licensed entity to decide if an SMSF is right for you.

Give us a call or send us an email today:

Chris Bloxham Solve Accounting

Chris Bloxham

Tax Accountant


Philip Khao Solve Accounting

Philip Khao

Cloud Accountant


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