DIY - SUPERANNUATION (SELF MANAGED SUPER FUNDS)

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.

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

We provide administrative support and asset services to assist in managing the trustee responsibilities of running an SMSF. As trustees of your SMSF, you and up to three other members remain responsible for the fund’s administration, management, and compliance. If you already have an SMSF, we can assist in managing the underlying assets of the fund on your behalf.

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:

Self-Managed Superannuation Funds (SMSFs) can provide a greater degree of control and flexibility than public offer super funds, which may make them suitable for more 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

Self-Managed Superannuation Funds (SMSFs) may borrow funds for investment purposes under specific conditions, commonly referred to as gearing.

Subject to superannuation legislation and fund compliance requirements, an SMSF may invest up to 100% of its assets in a single asset, such as commercial property, provided it is acquired and leased in accordance with superannuation rules (including leasing to a related party business where permitted).

SMSFs also offer flexibility in establishing retirement income streams and may provide access to estate planning features that are specific to these types of superannuation funds.

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:

• Fund establishment
• Fund compliance and administration services, and
• Administration of your fund's investements

Minimum initial investment

• $250,000 with a Regular Investement Facility.