Self-managed Superannuation Fund (SMSF)

At Fin15, we offer SelfManaged Superannuation Fund (SMSF) services. SMSF is a retirement tool that can be advantageous for people that would like to have a close involvement or gain control of their super fund. Our specialists will assess if you meet the requirement to open an SMSF and conduct extensive research on your behalf to see if this is the right option for you. We will work together to make sure you understand your responsibilities as a Trustee of the fund, how the different SMSF structures work and show you ways to create investment strategies that follow Australian legislation. Some of the benefits of having an SMSF is that you gain control and have the flexibility to decide how and where to invest your retirement funds. It allows you to invest in property, the Australian Stock Exchange, physical gold, collectibles, amongst others. SMSFs can also offer additional advantages in areas such as Estate Planning and Tax Management.

Fundamentals to consider when opening an SMSF

Responsibility- As a trustee of your SMSF, you are responsible for making decisions based on the fund’s best interest and with the end goal of maximising your capital for retirement. All this needs to happen while you make sure you keep the fund compliant and up to date with Australian legislation. For example, if your SMSF acquires any debts, as a trustee, you are in charge of having the proper risk mitigation strategie(s) such as the right insurances in place to avoid any penalties on the fund.

Time management- As an SMSF trustee, properly organising and administrating your fund is crucial. While this superannuation tool is time-consuming and tedious, most clients find this sense of involvement rewarding. You will need to make sure you have the availability to look after your fund appropriately.

Contact us if you are interested in gaining more knowledge about SMSF, and our specialist will be happy to discuss this with you.