What is a Self Managed Super Fund (SMSF) ?
Self-managed super funds (SMSFs) are a way of saving for your retirement.
The difference between an SMSF and other types of funds is that the members of an SMSF are usually also the trustees. This means the members of the SMSF run it for their benefit and are responsible for complying with the super and tax laws.
How to Start a SMSF ?
Establishing a SMSF is a very complex undertaking and you cannot do it all yourself. There are many aspects, regulations and compliance laws.
It is imperative to engage SMSF Specialists to assist you – Accountant, Tax Agent, Fund Administrator, legal practitioner and financial adviser.
Administering your SMSF
Every year you must:
- Appoint a SMSF Auditor
- Value the fund assets
- Keep records
- Notify ATO of changes
- Submit Changes
Who will manage my mail ?
Moneta Super offers a mail house service where we will manage all the paperwork arising from managing your SMSF. This will save you time and take the stress away from you.
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