SMSF

DIY Superannuation (Self Managed Super Fund)

Having your own super fund gives you more control over your retirement savings, as well as offering you a broader range of investments, the potential for better tax outcomes and significant flexibility. Whether you’re starting a new self managed super fund, or looking for an easier way to manage your existing one, you want to know your fund’s administration is in the right hands.

This is general advice and does not consider your particular circumstances. You should seek advice from Heppingstone Financial Services who can consider if a SMSF is right for you.

Retain full control of your superannuation and have Investment flexibility and control with the ability to purchase:

Direct property or property trust;
Shares (trade yourself or use our in house stock broker);
Bonds;
Managed Fund;
Foreign currency, gold and silver;
Derivatives;
Art & collectable – There is particular rule that the art work such as painting cannot be stored in the same premises of the member, this is to prevent the personal use of the assets.

How the Service works

HFS’s helps you establish a self-managed super fund (SMSF) with our referral partners AP Taxation or with your existing accountant.

We help provide administrative support and asset services to help manage the trustee responsibilities of running a SMFS. As trustees of your SMSF, you and up to three other members remain responsible for the fund’s administration, management and compliance. Note if you already have an SMSF, we help manage the underlying assets of the fund for you.

Please call for an obligation free quote.

Set up includes:

Purchase of Trust Deed and Investment Strategy
Acquisition of Tax File Numbers (TFN)
Acquisition of Australian Business Number (ABN)
Statement of Advice

Ongoing Accounting

Includes:

Preparation of annual financial accounts
Preparation of Income Tax Return
Audit of Financial Accounts (by external and independent Auditor)
Preparation of any other statutory documents

* A SMSF could incur additional fees if ongoing advice is required from our Specialist adviser.

+ For complex SMSF's additional fees apply (please enquire)

What are the advantages of SMSFs?

SMSFs provide a greater degree of control and flexibility than a public offer super fund, making them suitable for sophisticated investment and retirement strategies.

An SMSF can support a wide range of investment options including:

direct shares – both Australian and international
direct property – residential and commercial property (that can be leased back to a member’s business)
managed funds
fixed interest
alternative assets such as artwork and collectibles.

SMSFs are permitted to borrow funds for investment purposes under certain conditions (known as gearing). You have the added scope to invest up to 100% of an SMSF’s assets to acquire a commercial property providing it is leased back to a member’s business. You also have the flexibility to pay retirement income streams from your SMSF as well as to take advantage of a number of estate planning features that only apply to these funds.

What are the drawbacks?

Establishing and maintaining an SMSF places a range of demands and obligations on members including:

the responsibility to ensure that trustees act in the best interest of fund members
making time to administer and monitor the fund's assets
costs of auditing, supervisory levies and administration
taking on the risk of tax penalties if the fund fails to comply.

We offer services to help you operate your fund and fulfil all the responsibilities that come with being a fund trustee, including: