Self Managed Super Funds
Demystifying the Self Managed Super Fund
Helping individuals control their future
A specialist division of MayCA Accountants provides support to individuals with a Self-Managed Super Fund (SMSF).
Like other superannuation funds, SMSFs provide a means of saving for your retirement. The difference here, however, is that SMSF members must also to be the trustees of their funds. This means the fund is run by its members for their own benefit, and they are ultimately the ones responsible for ensuring compliance with all related superannuation and tax laws.
So why choose an SMSF? There are many advantages and they are proving to be an increasingly popular option amongst people wanting to regain some control over the ways their retirement savings are being invested. At the same time, rules and regulations around SMSFs are becoming increasingly complex, with severe ATO-imposed penalties for those who get it wrong.
That’s where we come in! Our team has unmatched experience and expertise in this area. We understand the various technicalities involved, such as when and what you can contribute, and when you can access your money. Our clients are able to take full advantage of our education and assistance, with a view to ensuring they fulfil all their legal obligations.
We are committed to developing an understanding of exactly what you are looking to achieve with your SMSF, so that we can develop a strategy to best support this including the development and implementation of all necessary systems. Alongside ongoing and proactive management of your fund, we’ll also swiftly identify any issues and develop smart solutions to rectify them.
Our range of services relating to SMSFs include:
- Ensuring your SMSF management is effective and compliant
- SMSF set up
- SMSF administration
- SMSF compliance
- SMSF tax preparation
- Annual reviews and recommended actions for future growth and success
- Rectifying shortcomings to ensure tax concession status is maintained
- Annual tax return assistance
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