SMSF Accounting
Helping you invest in your future with SMSF guidance
Self-Managed Super Fund
Are you interested in setting up a Self-Managed Super Fund (SMSF) but daunted by the process and ongoing responsibilities? Or maybe you have an established SMSF but are in need of professional guidance?
Our SMSF Specialist Advisors™ are here to help. We can help take care of the complexities and provide professional advice so you can focus on growing your super, your way. Contact us today to discuss your specific goals, or learn more about Self-Managed Super Funds below.
What is a Self-Managed Super Fund (SMSF)?
A SMSF is a private super fund that you manage yourself. Some choose to go it alone, but many seek the help and guidance of an experienced professional. Unlike industry or retail funds, a SMSF gives you greater control over how you invest your retirement funds, helping you grow your wealth through investments that align with your financial goals and risk tolerance.
While a SMSF does give you greater flexibility in your retirement investments and options, setting up a SMSF is a major financial decision that requires careful consideration. Read on to learn more about Self-Managed Super Funds, the benefits, risks and how our team can help you.
Why Consider a SMSF?
If you’re considering a Self-Managed Super Fund, then you may be drawn to the following benefits:
More Control
More investment control allows you to make investment decisions that align with your financial goals and risk tolerance.
More Options
Access to wider investment options, such as property, direct shares, precious metals, gems and more.
Tailored Strategy
Ability to tailor an investment strategy that suits your needs, personal preferences, and aligns with your retirement timeline.
Tax Benefits
Potential tax management options and benefits as your SMSF allows you to manage contributions, timings, and investment decisions.
Estate Planning
Greater estate planning flexibility as your SMSF gives you more control over how benefits are passed on.
Shared Fund
Streamlined family assets and wealth management as SMSFs can have multiple members, typically a couple or a family.
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Do I understand the risks, responsibilities and legal requirements that come with a SMSF?
SMSFs come with strict rules and regulations, and it’s important to always maintain compliance. You also carry the full risk of underperformance or losses, so SMSFs need a level of being comfortable with making investment decisions and managing risk.
2
Is my super balance high enough to make a SMSF cost-effective?
SMSFs are generally a more viable option when you have a higher balance. If you’re unsure, please contact us for more information.
3
Am I seeking control for a clear purpose?
Why are you wanting to start a SMSF? Have you compared SMSFs to other super options? Having clear objectives that support your financial goals is recommended to establish whether a SMSF will be beneficial to you.
4
Do I have enough time to manage the fund?
SMSFs require ongoing involvement, from record-keeping to meeting reporting deadlines. It’s also important to consider the future and if the fund could remain manageable if your circumstances were to change.
5
If interested in SMSF property investing, am I aware of the risks and strict regulations?
As with all investments, property investment carries risk. It’s also important to note that property purchased through your SMSF must meet the Sole Purpose Test, meaning it must be purchased for the benefit of the fund and not for personal benefit, such as for you or a relative to occupy.
6
Do I have support from experienced professionals?
As SMSF Specialists™, we can help you with your SMSF management, compliance and investment strategy, but it’s important to note that ultimate responsibility for the fund is on the trustees. Are you comfortable within that framework?
Is a SMSF Right for You?
When considering a SMSF, it’s important to be aware of the risks and legal requirements that come with it. A SMSF isn’t right for everyone.
As SMSF Specialists™, we can help talk you through everything you need to know so you can make an informed decision before going ahead, but you may want to ask yourself the following questions:
Setting Up a SMSF
Setting up a SMSF is an involved process that needs skill, time and awareness of legal requirements. You can set up your SMSF by yourself, or, as recommended by ASIC, you can get professional support from a SMSF specialist accountant, like us here at Venture SMSF Services.
Working with an experienced SMSF professional can make the process smoother. We help ensure your fund is established correctly, meets its legal obligations and is set up in a way that aligns with your long term goals. From structuring the fund and preparing documentation to helping you understand your trustee responsibilities and offering investment advice, our role is to guide you through each step so you don’t get caught up in the complexities.
How We Can Help
Whether you have an existing SMSF or are considering setting one up, our SMSF Specialists™ can meet you and provide the level of support and guidance you need.
As experienced professionals in Self-Managed Super Funds, we can also talk you through the potential benefits, risks, legal requirements and compliance, and help you decide if a SMSF is the right choice for you. We take the steps to ensure you’re making an informed decision.
Our SMSF services are tailored to your goals and circumstances, and include:
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SMSF setup and structure
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Compliance advice and guidance
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Tailored investment strategy aligned with your goals
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Tax and regular compliance and advice
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Ongoing fund administration and reporting
If you’d like to know more about our SMSF services, then please contact us - our knowledgeable team is ready to help.
Why Choose Us
Here at Venture SMSF Services, we aim to help you grow and protect your SMSF funds so you can enjoy your retirement without financial strain. Our experienced team provides ongoing support, assisting you in all aspects of running your SMSF.
With Venture, you receive:
Setting up an SMSF that aligns with your goals
Reducing time spent on tax and compliance through streamlined technology and accounting solutions
Providing proactive guidance to help you stay ahead
Offering online access so you can view your fund anytime
Transparent, easy to understand fee structure
And much more
