SMSF
There is growing popularity in Self-Managed Superannuation Fund (SMSF).
The government has expanded SMSF's range of products it can invest in to make it more attractive to invest in Australia.
A Self Managed Superannuation Fund is created as a sperate entity to hold the contributions that are received from members and their employers or from rollover from existing super funds.
The cost of setting up and managing the SMSF have decreased significantly with increased competition from planners and specialist firms that provide this service.Even those with $150,000 in funds will be justified in moving to SMSF.
The Self Managed Superannuation Fund can invest in a broad range of assets. The Trustee/s are required to implement an investment strategy taking into account risk, return, diversification, cash flow and liquidity for the “sole purpose” of generating benefits for the members .
Investments generally fit into the following categories: A SMSF has many restrictions including borrowing, except in a few circumstances. Similarly the structure of the SMSF and responsibilities of members and trustees are regulated and require rigorous maintenance.
For instance in using non recourse borrowing, "that once the borrowings are paid out the property should be transferred to the SMSF which may result in stamp duty. So appropriate measure must be set to hold the property without this event happening.
However we will guide you through all the requirements to establish the SMSF and have associated companies to assist with the annual taxation and auditing of company records.
SMSF updates
Super Finder
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Establish your SMSF.
Contact us for professionally created Self Managed Super documents.
Our planner will discuss your requirements and produce a Statement Of Advise to satisfy legal requirements.
It is more then going on line and filling a few forms and hoping the documents you print out satisfy what you set out do.
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Why Property is a Good Investment in SMSF
The ability to manage capital gains tax using a pension is one of the advantages of a self managed superannuation fund (SMSF) as a long-term financial planning tool. This works for assets that cannot be accessed from a retail superannuation fund, such as direct property
Capital gains, in pension phase, made from investments that are held for more than 12 months are taxed at an effective rate of 10 per cent
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NRAS, National Rental Affordability Scheme
This goverment scheme offers annual Incentives for ten years, current year is approximatly $10,000 (non-taxed), and increases by CPI annually.
Contact us for an assesment of your investment in NRAS . We can refer you to NRAS marketing agents and organise the mortgage finance and establish your trust deeds.