For You · Personal
Self-Managed Super (SMSF)
Establishment, administration, annual financials and audit coordination. Accounting and tax only, not investment advice.
Overview
The fund is yours. The compliance is ours.
A self-managed fund gives you control over how your superannuation is invested. It also makes you a trustee, personally responsible for an investment strategy, an annual audit by an approved SMSF auditor each year, contribution caps, and a set of rules where the penalties for getting it wrong are severe.
We handle the accounting and compliance side of that: establishment and corporate trustee, annual financial statements and the fund's tax return, coordination with the independent auditor, monitoring of the $30,000 concessional and $120,000 non-concessional caps, and pension commencement when you get there. We do not provide investment advice and we are not licensed to.
How we help
- 01
Fund establishment and corporate trustee
Trust deed, corporate trustee, ABN and TFN registration, and the trustee declarations the ATO requires.
- 02
Annual financials and tax return
Financial statements, member statements and the SMSF annual return prepared and lodged.
- 03
Independent audit coordination
The audit file assembled and queries answered, so the approved auditor signs without a qualification.
- 04
Contribution cap monitoring
Concessional, non-concessional and bring-forward caps tracked across every fund you belong to.
- 05
Pension commencement and drawdowns
Account-based pensions started correctly, with minimum drawdowns calculated each year.
Resources
Key figures
- $30,000
- Concessional contributions cap
- $120,000
- Non-concessional cap
- $2 million
- Transfer balance cap
- 4%
- Minimum pension, under 65
Unused concessional cap can be carried forward for five years where your total super balance is under $500,000. The bring-forward rule can allow up to $360,000 of non-concessional contributions across three years. We provide accounting, tax and administration services only, not investment or financial product advice.
Fund behind on lodgement or audit?
We bring overdue SMSF returns up to date and manage the audit process for you.
FAQ
SMSF questions
No. We are Chartered Accountants and registered tax agents, not licensed financial advisers. We prepare the accounts, tax and compliance for your fund and work alongside your licensed adviser on anything investment-related.
There is no legal minimum, but fixed annual costs mean a fund with a small balance is usually more expensive proportionally than a retail or industry fund. We will model the running cost against your balance honestly before you set one up.
Yes, every year, by an approved SMSF auditor each year who is independent of the fund and of us. The audit must be completed before the annual return is lodged. We coordinate it and answer the auditor's queries.
Excess concessional contributions are added to your assessable income with an interest charge. Excess non-concessional amounts can be withdrawn with associated earnings, or taxed heavily if left in. Monitoring across all your funds is the way to avoid it.
It can, subject to the sole purpose test, the investment strategy, and strict rules if borrowing is involved through a limited recourse borrowing arrangement. Related-party acquisitions and any private use are tightly restricted and are a common audit failure.
Speak to an accountant
Free 30-minute consultation.
No obligation. We’ll review where you are and tell you what we’d do.
+61 451 114 862Book a consultationThis page is general information only. It does not take your circumstances into account. Speak to a registered tax agent before acting on anything here.
Related services
Often paired with SMSF.
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