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Self Managed Superannuation Fund Administration & Management

A large part of our service offering is involved in the administration and management of many Self Managed Superannuation Funds (SMSF's) on behalf of our clients.

Self Managed Superannuation can be one of the most appropriate ways to maximise your retirement income.

An SMSF allows you to take greater control over your investments and the related investment decisions, whilst also benefiting from concessional tax rates.

Our dedicated SMSF Division works closely with our clients to develop a comprehensive superannuation strategy that supports and builds wealth for their retirement.

We also ensure that all SMSF regulatory requirements are satisfied so that the concessionally taxed structure of superannuation is not compromised.

We provide an extensive range of services to trustees and members, along with other professionals who advise Trustees within the SMSF industry (i.e. Financial Planners, Accountants and Lawyers).

Our solution can be tailored to meet the needs of all trustees and advisers, whether it is part of our comprehensive administration and compliance service, pension documentation, audit function or the requirement for specialist SMSF advice.

We also provide the tools necessary to implement the full range of strategies available to superannuation fund members (under the Simpler Super reforms).

Our extensive network of industry service providers, including some of Australia's leading providers of SMSF Trust Deeds, Actuarial Advice, Legal, Technical Support and IT integration is also on hand to support us.

The initial steps to the establishment of an SMSF

Once you have made the decision to establish your own fund, it is important that you are aware of your responsibilities and obligations as a trustee.

The process of establishing a SMSF involves a range of important decisions to be made by you. This is where we can assist you to make sure the process is a simple and easy one.

If the establishment of the fund is not completed correctly then your fund and its assets may be compromised.

There are several legislative and trust law requirements involved in setting up a self managed superannuation fund. We will take care of all of these requirements for you. They include:

  • Obtaining a Trust Deed
  • Appointing a Trustee(s), including deciding between a Corporate Trustee or Individual Trustees
  • Signing the ATO Trustee Declaration
  • Electing to become a regulated superannuation fund
  • Obtaining a Tax File Number (TFN)
  • Obtaining an Australian Business Number (ABN)
  • Establishing a bank account
  • Formulating a written investment strategy

The Australian Taxation Office has released an informative publication, Setting up a Self Managed Super Fund, to assist you in further understanding the important decisions that are required to be made about how to structure and run your fund.

We can provide you with a copy of this handy reference when you enquire about setting up a new SMSF.

We make sure that we provide our clients with the right professional advice when establishing a SMSF, including trustee structuring, guidance with the preparation of your fund's investment strategy and the required ongoing compliance obligations (including annual returns and independent audit).

The benefit of up to date strategic advice

SMSF's can provide individuals with some powerful strategies to enhance wealth and retirement goals.

If you are well informed and up to date with the SMSF rules, regulations and strategies, then you can move quickly to implement any changes required, to ensure that your fund derives the maximum benefits available.

We publish information on a regular basis to educate and inform our SMSF clients of the latest happenings in the SMSF space, and we also conduct briefings and seminars to further inform our clients and their advisors during each calendar year.

Duncan Dovico has specialist expertise to be able to provide clients with the latest strategies for consideration within SMSFs, including:

  • Borrowing to acquire property and other assets within Super (Limited recourse borrowing arrangements)
  • Reserves (including Anti-detriment reserves)
  • Transfer of Assets into Super - Listed Shares, Widely held trusts, Business Real Property, In-house Assets
  • Pre-August 1999 Unit Trust arrangements
  • Other Unit Trust Arrangements
  • Estate planning considerations (including the creation of an SMSF Will & SMSF Life Will)

Contact us today on 1300 883 122 to discuss how we can be of assistance to meet your requirements and or to learn more about the many strategies available to you and your super fund.