Self Managed Superannuation Funds (SMSFs)
Work toward your financial goals with our help
Managing your own superannuation fund offers several benefits: you can tailor investment strategies to meet personal financial goals; you have the ability to choose your investment options such as shares, property, and other assets; and you have more control over how tax strategies are implemented, particularly in retirement.
SMSFs provide people greater autonomy, more investment choices, and tax benefits. They are an effective vehicle to build personal wealth, but they also come with significant reporting obligations and responsibilities.
Trustees are responsible for complying with Australian Taxation Office (ATO) regulations, including annual audits, lodging tax returns, and ensuring the fund’s investment strategy meets legal requirements. SMSFs also require ongoing management, which can be time-consuming, and the costs of running a fund can be higher than traditional super funds, particularly for funds with smaller balances
We can help you. The Colledges team provide a range of services for establishing and managing SMSFs, which include:
Setting Up a Self-managed Superannuation Fund
So that the fund is compliant with legal and tax regulations.
Tax Planning and Optimisation
To optimise the SMSF’s tax position, minimising tax liabilities while maximising returns.
Tax Compliance and Reporting
To ensure the fund meets all tax obligations.
Annual Financial Statements and Audits
So that the fund is ready for an independent annual audit, which is a mandatory requirement.
Record Keeping and Administration
To help you manage the administrative workload, such as lodging regulatory documents with the ATO.
Best practise accounting for Self Managed Superannuation Funds
With decades of experience in managing SMSFs, our team of accounting experts provide knowledgeable guidance and advice on tax and accounting optimisation strategies. You’ll rest assured that your super is working effectively toward your financial goals while knowing your fund is fully compliant and meeting regulatory requirements.