Self Managed Super Funds

We can discuss with you how a Self Managed Super Fund (SMSF) can work for you, your legal requirements, and arrange establishment of a fund for you. We also can prepare financial statements and income tax returns for your fund each year and ensure compliance with governing legislation.

There are a number of things you need to think of before you set up self managed super fund, as well as a number of paths you can take once you have set one up. We can assist you with all of this including:

  • Costs of establishing and maintaining a fund
  • Optimal Trustee structures
  • Borrowing in a Superannuation Fund
  • Audit of Self Managed Super Funds – Note: Advice about SMSF’s will be provided by BMWFS

Not quite sure a SMSF is right for you?

  • Fees
  • Knowledge, skill and time
  • Legal requirements
  • Obtain current super funds details
  • Allowable investments and transactions
  • SMSF name
  • Corporate trustee or individual trustees
  • Limited recourse borrowing if applicable
  • Trust deed
  • Trustee company or bare trust if applicable
  • Fund registration – ABN & TFN
  • Setup a bank account in the name of SMSF
  • Devise an investment strategy
  • Contributions and rollovers
  • Death benefit nominations
  • Annual tax returns and financial statements
  • Appoint an external auditor
  • Record keeping
  • Duties and responsibilities
  • Arrange super benefit payments if applicable
  • Review investment strategy