SELF-MANAGED SUPER FUNDS
Save for your retirement
Self-managed super funds (SMSFs) are a way of saving for your retirement. They are structurally different to other types of superannuation funds.
Unlike traditional super funds, the members of the SMSF are usually the trustees and they are responsible for complying with the super and tax laws.
A SMSF must be set up correctly so that it can receive contributions, is eligible for tax concessions and is easy to administer and audit.
We recommend engaging an experienced accountant to assess whether a SMSF is right for you. It’s a major financial decision and requires time and skill to set up and operate.
If you’re considering a SMSF or need help to set up, operate or administer your fund, please reach out. Our friendly team can help.
We can help
Get peace of mind knowing a qualified business accountant is in your corner.
Assess Your Options
SMSFs aren’t for everyone. We can help you assess your current situation and your retirement goals and recommend a super structure that’s right for you.
SMSF Investing
Get the right SMSF investment advice for your unique circumstances. Let us help you achieve your retirement goals by referring you to an accredited financial planner.
SMSF Set-Up
Let us take care of the details including appointing trustees or directors, creating the trust and the trust deed, registration and banking, so you know it’s been done correctly.
SMSF Reporting & Administration
When details matter, partner with an experienced SMSF accountant. We can help you to keep on top of your admin throughout the year and conduct your annual audit.
Offload the compliance work with confidence to our SMSF accounting specialists,
and free up your time to focus on achieving your retirement investment goals.
FREQUENTLY ASKED QUESTIONS
How do I set up a SMSF?
We recommend engaging SMSF professionals to help you set up and run your fund. At Corporation One, we can help you with:
- The set up the fund’s financial and operating systems
- Registration of the fund
- Preparation and lodgement of the fund’s annual tax returns
- The fund’s annual audit
You may also need a legal practitioner to prepare the fund’s trust deed and a financial advisor to recommend a suitable investment strategy. We can help refer you to reputable professionals in these areas.
How do I rollover my current super to my SMSF?
We can help you transfer some or all of your existing superannuation into your SMSF. There are several steps required including personal and fund verification and the transfer usually takes 3 working days. Please reach out to our friendly team. We’d love to help.
Can I run my SMSF myself?
Yes, you can. However, it can require a lot of time and skill to properly manage the fund, and many trustees decide to partner with an accredited SMSF specialist to do general administration and reporting.
If you’ve run your SMSF yourself and need help to audit the fund or prepare annual reports, please reach out to our friendly team today. We’d love to help.
Do I need to audit my SMSF every year?
Yes, you do. And it needs to be done by an independent auditor – a professional not involved in the day-to-day running of the fund.