Self Managed Superannuation Funds (SMSF)

Superannuation Services

Sedley Koschel Superannuation specialise in the set-up, administration and management of Superannuation funds. Our qualified SMSF professionals can explain the tax benefits, bottom line costs and the rules associated with borrowing through your SMSF to invest in property (LRBAs).

Talk to one of our professionals today

Talking to a Sedley Koschel Financial Planning professional will provide you with a clearer picture on what is the best solution for your SMSF. As the Australian Government encourages everyone to take responsibility for and reach individual financial retirement goals, more importance is placed on securing our own Superannuation.

A Self Managed Superannuation Fund (SMSF) is a specialised retirement savings plan, used to accumulate superannuation monies for the retirement benefits of its members and is one of the best means of saving for retirement. SMSF allows you to steer your own investment strategy, reduce tax while obtaining tax benefits and minimising administration costs.

Self Managed Superannuation Funds are now among the most popular type of fund within the superannuation industry in Australia – with far better performance results than retail and industry funds. With more than a million Australians now enjoying a combined asset pool of $550 billion, the increasing popularity of SMSFs is well founded.

Contact us today or call us on 1300 001 108 to discuss your SMSF questions.

Benefits of SMSFs

A Self Managed Superannuation Fund (SMSF) is a specialised retirement savings plan used to accumulate superannuation monies for the retirement benefits of its members. Self Managed Superannuation Funds (SMSF) are now among most popular type of fund within the superannuation industry in Australia and have grown in popularity due to numerous advantages over traditional industry or retail superannuation funds such as:

Increased Control

Greater control over how the fund’s assets are invested. The ability to control their superannuation interests is a major factor for individuals looking to establish their own SMSF.

Added Options

The ability to invest directly into residential and commercial property. Trustees are able to invest in assets of their choice and recover excess franking credits from the Australian Taxation Office each financial year.

Borrowing

The possibility of borrowing funds in your SMSF for property or other investments.

Flexibility

Ability to pool your funds with family members, and flexibility when transitioning into retirement.

Taxation Benefits

SMSF’s also have the capacity to cater for various tax advantages and in a lot of cases, the real possibly of lower running costs and greater risk management.

Still not sure if SMSF is for you? Are you currently in a retail super scheme and not sure how it is comparing? Sedley Koschel Wealth can assist with both the set up and ongoing administration of your SMSF. Contact us today or call us on 1300 001 108 to discuss your SMSF questions.

Setting up a Fund

It is important to set up your SMSF properly so that it’s eligible for tax concessions and easier to manage once up and running. You’ll need to find an SMSF expert to help you with the initial set up.  Choose a firm that is a member of the SMSF Association of Australia to take you through the ATO requirements.

Need help setting up your own SMSF?

The team at Sedley Koschel Superannuation have years of combined experience specifically with the set up and ongoing management of SMSFs. Director, Robert Koschel holds the highest accreditation with the SMSF Association of Australia. Our Superannuation admin team can quickly and efficiently set up your SMSF and assist with all of your paperwork.

Give us a call today on 1300 001 108 or schedule a 30 minute obligation free consultation at a time that suits you. Self Managed Superannuation Funds are now among the most popular type of fund within the superannuation industry in Australia.

We will guide you through the entire process and then provide ongoing support and assistance.

Laws & Rules

SMSFs operate in the same way as any other superannuation fund however with SMSFs, the responsibility of managing the fund rests with the trustee. With an SMSF, you can be both a member and a trustee, therefore establishing an SMSF can be a major decision and process.  With this control comes greater obligation and risk.  It is strongly advised that trustees should either set aside ample time to run their fund, or appoint an SMSF specialist to assist them in the ongoing administration, compliance requirements and investment implementation.

Do you need to be qualified to set up an SMSF?

It is always important to seek professional advice with any type of investment plan for retirement or wealth creation.  Partner and Head of the Sedley Koschel Superannuation division; Robert Koschel is a qualified SMSF Specialist and holds accreditation with the SMSF Association of Australia. Robert is happy to field any questions you might have in regards to SMSF.

There are several trust laws and legislative requirements for setting up a self-managed superannuation fund (SMSF).

Typically you need to:

  • Obtain a trust deed
  • Appoint trustees
  • Sign a trustee declaration (NAT 71089)
  • Elect to become a regulated fund
  • Obtain a tax file number (TFN)
  • Obtain an Australian business number (ABN)

Superannuation law is a delicate area and personalised planning is required for each individual. We encourage you to seek advice from an independent planner who is an approved member of the SMSF Association of Australia before establishing an SMSF. At Sedley Koschel, we can take you through all the requirements to set up a SMSF. Simply schedule a consultation with us online and we’ll call you at a time that suits your busy schedule.

Other points to consider when setting up an SMSF. Costs, rules, and legal documents are among the most important factors to think about when planning your Self Managed Super Fund.

Interested in Buying Property within SMSF?

Want to find out the rules for buying property through your Super fund? There are numerous tax advantages for holding property within SMSF and there are complicated rules associated with borrowing to invest in residential or commercial property within your superannuation. It is therefore advisable to speak with your Accountant and Financial Planner before searching for a suitable investment property or arranging any type of finance.

Sedley Koschel Wealth Disclaimer

Sedley Koschel Wealth Pty Ltd is a Corporate Authorised Representative (No.326979) ABN 60 082 422 320 of Professional Investment Services Pty Ltd.
Robert Koschel is a sub authorised representative (ARN 244979) of Sedley Koschel Wealth Pty Ltd.

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The information provided on this website has been provided as general advice only. We have not considered your financial circumstances, needs or objectives and you should seek the assistance of your Professional Investment Services (PIS) Authorised Representative before you make any decision regarding any products mentioned in this communication. Whilst all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither Professional Investment Services nor its related entities, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information.