ADMINISTRATION OF YOUR SMSF

The administration and compliance of your SMSF is very important. We can help you with:

Setting Up Your SMSF:

We help you with all the requisite forms and paperwork to establish your SMSF. You can then administer the fund yourself or you can use our SMSF administration service. Our services in setting up a SMSF include:

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• Obtaining and preparing your SMSF Trust Deed

• Appointing Trustees with each Trustee to sign a ‘Consent to Act’ Form

• Completing and lodging the ATO Trustee Declaration and application forms. 

• Obtaining a Tax File Number (TFN) and Australian Business Number (ABN)

• Establishing a separate Bank Account in the name of the SMSF.

• Preparing and implementing an Investment Strategy for the SMSF

• Completion of binding death nomination forms that provide guidance on how members want their assets distributed in the event of their death

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Administration:

We can assist you with the ongoing administration of your SMSF including:

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• Management of all ongoing paperwork for your SMSF.

• Preparation of Annual Financial Statements for your SMSF.

• Preparation and lodgment of annual Income Tax Returns and Regulatory Returns.

• Preparation of Meetings minutes for your SMSF.

• SMSF Asset List maintenance.

• Annual SMSF Audit

• Preparation of paperwork to start and administer pensions within your SMSF

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SMSF Investment Strategy:

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We assist your SMSF Trustees to prepare and implement an investment strategy for the fund according to the following guidelines:

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1. Investing to provide sufficient member returns (risk adjusted basis)

2. Be adequately diversified and be invested across various asset classes (i.e. shares, property, fixed interest) with a long-term investment horizon and retirement basis

3. Be able to pay benefits to members as they retire and pay other costs incurred by the SMSF

4. To cater to the age, income, employment and retirement needs of all members

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All investment decisions must be in accordance with the agreed strategy. The appropriate investment strategy will need to be regularly reviewed at least on an annual basis.