We can help you prepare in making the most of SMSF opportunities. Below is a list of our superannuation solutions:
Organisation of fund through complete SMSF package
- Filing and binding of fund documents
- Documentation of fund trust deed, fund establishment and appointment of trustee
- Application of membership, fund ABN and tax file number
Comprehensive management
Liaising with accounting and legal professionals to deliver on;
- Preparation and documentation of statements
- Auditor assistance
- Filing of fund regulatory return
- Review of fund compliance
- Regular support both technical and operational
- Legal professional assistance to understand pertinent deed materials
Work in conjunction with accountants to assist in the preparation and documentation of all pension-related items including calculation of pension, deductible amounts and rebates as well as those related to PAYG. We make sure you have complete assistance coming from our proficient specialists when it comes to complete compliance and advice pertaining to SMSF and its operation.
CCA Financial Planners invests in people and in the system that makes it easy for individuals as far as SMSF services are concerned. Let us help you achieve the full potential of an SMSF with our superannuation solutions.
Some of the other key features of an SMSF are:
- A SMSF is a fund with less than five members. Each member is also a trustee of the fund (alternatively the fund can have a corporate trustee structure).
- A SMSF can provide tax effective vehicles for you to accumulate and transfer wealth.
- A SMSF must be maintained for the sole purpose of providing benefits to members upon their retirement.
- Trustees are required to prepare and implement an investment strategy for their fund. This controls the way contributions are invested with wide flexibility in investment choice, for example, direct property, managed investments and direct shares can all be included in the portfolio.
- Approved auditors must be appointed and tax agents, accountants and financial advisers may also be involved in the running of an SMSF, and
- Ultimate legal responsibility rests with the individual trustees (ie the members of the fund) even if assistance is outsourced to the above professionals.
Given the right circumstances, a SMSF has the potential to provide you with a powerful and tax effective wealth accumulation vehicle, whilst at the same time giving you considerable flexibility and control over your retirement investment affairs.
SMSF’s can be more cost effective than other options but only in situations where the amounts held in those funds are of a sufficient size to benefit from economies of scale.
At CCA Financial Planners we will only recommend the establishment of a SMSF in situations where we can clearly demonstrate how you can obtain significant long-term value from establishing such a fund – relative to the costs involved.
