We are Self-managed Superannuation Funds (SMSF) Experts
As the government encourages Australians to take responsibility for their financial retirement goals, people have to deal with superannuation funds. Self-managed superannuation enables you to control your investment strategy, reduce tax while obtaining tax benefits, and control administration costs. It's a very effective means of saving for your retirement, although the law around it is delicate and individualised planning is required.
Luckily the team at Balanced Business Accounting in Brisbane are superannuation experts who'll simplify the process and assist you in establishing a superannuation fund.
Our self-managed super fund services include:
Establishing self-managed superannuation funds
Completing information for the Insurance and Superannuation Commissions
Advice on compliance matters
Advice on taxation benefits
Advice on employer obligations.
There are several trust laws and legislative requirements for setting up a self-managed superannuation fund. Typically you need to:
Obtain a trust deed
Sign a trustee declaration (NAT 71089)
Elect to become a regulated fund
Obtain a tax file number (TFN)
Obtain an Australian business number (ABN).
Some of the benefits of a self-managed superannuation fund include:
Numerous ways to invest
Provides greater control over your costs
Offers a range of flexible & tax-effective options
View information on our SMSF Accounting & Administration Solutions here.