Self-Managed Super Funds (SMSF)

office-620822_640MF&A provide specialist advice in the Self-managed superannuation fund sector.

We will answer your questions so you can choose whether a self-managed super fund or a market fund is best for your personal situation.  We will explain all costs and requirements so you can make a decision about what is best for you.  We will also help you with closing a fund if you decide you no longer want one.

Setting up a new SMSF

Setting up a Self-managed fund is a relatively quick process.

If you decide a self-managed fund is for you then:

  • We will let you know how much it will cost to set up and run your fund.
  • We can establish the fund.  If you already have a fund we will review your Deed to ensure it complies with current legislation.
  • We can advise you about the types of investments your SMSF can own and provide specific investment advice.  We can help you with purchasing property inside your self-managed fund including obtaining finance (if required).  We can also run comparisons to determine whether property, shares, managed funds or other investments will work best for your situation.
  • We will advise you how much pension you must take each year if you are retired.
  • We will assist you with Centrelink/DVA reporting.
  • We can organise to have the annual financial accounts & tax return prepared.

Closing down a SMSF

There comes a time to close all SMSFs.  We can help with this process.

The decision to close a SMSF is commonly prompted by the following:

  • You have lost interest in having a SMSF
  • You want a lower cost environment for your super.
  • You don’t want the hassle of preparing financial statements and tax returns, and going through the audit process each year.
  • You don’t have many assets left in the fund.
  • You want a simpler life.
  • Your spouse has died.
  • You or your spouse are in poor health & you don’t want the fund on your own or you don’t want your spouse to have the burden of the fund if you die.
  • You used to enjoy managing your investments but you have lost interest now.

If you want to explore whether to keep or close contact us.

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