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Greater control of your superannuation
A Self-Managed Superannuation Fund (SMSF) gives you greater control of your superannuation and allows you the opportunity to decide on how you are going to invest.
SMSFs can be great for those who have the time and know-how to manage one. An SMSF can offer flexibility and control that retail and industry super funds don't. An SMSF might sound great to some who have the time and financial knowledge, but not everyone has the skill level or knowledge it takes to manage one.
If you want the increased flexibility and freedom that an SMSF offers, we can assist by setting up your SMSF and administering the day-to-day operations for you. There are many complex rules when running an SMSF; we can help you through these.
Setup and administration of SMSFs
Our SMSF accounting services
•Self-managed super fund financial statement preparation
•Self-managed super fund administration
•Self-managed super fund audits
Contact us today to see how we can assist with your SMSF accounting needs.
Frequently asked questions
How much super do I need before an SMSF makes sense?
There's no universal threshold, but SMSFs generally become cost-effective at higher balances given setup and ongoing compliance costs. The right answer depends on your balance, goals, and how actively you want to manage your fund. We can help you make that assessment clearly.
What am I actually responsible for as an SMSF trustee?
As a trustee, you're responsible for ensuring the fund operates in line with Australian superannuation laws, including investment decisions, record-keeping, and ATO reporting obligations. The legal responsibility sits with you, regardless of who supports you administratively. That's why professional support matters.
How much work is involved in running an SMSF?
More than most people expect, particularly around administration, compliance, and reporting. Working with experienced professionals significantly reduces that burden and the risk of costly errors.
What are the compliance requirements for an SMSF in Australia?
SMSFs must meet strict ATO requirements to maintain their concessional tax treatment. This includes annual financial statements, a tax return, an independent audit, and operating in line with superannuation laws at all times. Non-compliance can be costly, both financially and in terms of the fund's tax status.
Can you help with SMSF accounting and compliance?
Yes. We provide comprehensive SMSF accounting and compliance support, including financial statements, tax returns, audit coordination, and ongoing compliance management. Our job is to make sure your fund stays compliant and well-structured, so you can focus on the investment decisions that actually grow your super.
Is an SMSF suitable for everyone?
No, and be wary of advisers who claim otherwise. SMSFs require time, trustee commitment, and a suitable balance to be worthwhile. Professional advice is essential before making the decision.
Enquire today to see how we can help.