Self-Managed Super Funds (SMSF)
MF&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.Back to home