How to Set up an individual Self-Managed Super Fund
Intelligent business owners in Adelaide are now taking back control over their retirement with self managed superannuation funds. SMSF’s can lower your tax debts and maximise returns to achieve financial independence.
Adelaide SMSF Advisor
BV Tax Law Financial Accountants can care for all the administration, accounting and taxation, compliance, technical support and the annual SMSF auditing, so you could enjoy your time focused on investing for the future.
What is a self-managed superannuation fund?
A self-managed superannuation fund (SMSF) is a legal structure that holds an individual’s a person’s retirement savings however which is managed closely by that person, instead of an industry fund or employer operated superannuation fund. An SMSF can give you increased control over your financial future, allowing you many more investment options.
What is the minimum amount for a SMSF?
It’s also necessary to bear in mind, that we typically advise clients have a minimum of $300,000 in combined retirement assets before considering setting up an SMSF.
SMSF Set-up Costs Adelaide
What’s included when you set up your self-managed super fund
Set up Fees (inc GST)
- Individual SMSF account establishment (one-off fee) $495.
- Fund establishment.
- Trust deed.
- Registration with ATO including ABN and TFN application.
- Corporate Trust establishment fee ( if applicable) $715.
Setup SMSF for your Family.
You can set up a super fund for yourself and up to three other people and centralize your super balances. This could enable you to purchase assets of higher value than if you set up a fund with fewer members, achieve more substantial estate planning flexibility and reduce the running costs of the fund.
SMSF Accountant Adelaide.
BV Tax Law Financial Adelaide provides a wide variety of expert SMSF advice from our local award winning SMSF Specialists. Our SMSF services are amongst the best in Australia and include:
- SMSF set up
- SMSF structuring
- SMSF borrowing and investing
- SMSF administration, auditing and compliance.
SMSF Accounting Adelaide SMSF Advice.
BV Tax Law Financial Adelaide provides business accounting & advice, financial planning and SMSF recommendations to the Adelaide, Rundle Mall, Albert Park, Delfin Island, Mile End, Brooklyn Park, Keswick, Marleston, Richmond, Semaphore Beach, Exeter, North Haven, Birkenhead and neighboring areas. Our firm possesses particularly strong relationships with local business and high wealth individuals.
High Level Control Over Your Wealth
More flexible investment choice:
You can select from a much wider variety of investments including all listed shares, some unlisted shares, residential, commercial and business property, and collectables including artwork, stamps and coins.
SMSF Borrowing to Buy Property in you SMSF
Borrowing within your fund to enable the purchase of an investment property.
The rules for SMSFs borrowing are stringent and it is crucial that you speak with a specialist self managed super funds borrowing specialist before investing in property.
A few benefits of buying property within your SMSF;.
- Zero capital gains tax (CGT) when you sell the property in retirement.
- No income tax on rental income on retirement.
- The loan is paid off using super contributions and rental income.
- The assets in the SMSF are protected.
Buying your business premises with SMSF.
This purchasing structure is exceptionally effective from a taxation and asset protection standpoint and it is mainly for reasons such as this, that SMSFs are such popular investment vehicles in Australia.
Before investing in your own business premises, you should consult with your accountant, financial planner as well as mortgage broker to discuss the applicable advantages and disadvantages for your circumstances.
Local SMSF Tax Advice
BV Tax Law Financial in Adelaide, SA can provide Control and Flexibility to your Super Fund. We can assist you pool family assets, make decisions to grow your wealth for retirement and establish a strategy for your heirs and their own later years.
Discover if self managed super is ideal for your situation.
Our planners and tax advisors can help you to alter investments and the structure of your super as needed, and to implement effective tax strategies.
How to Contact Us:
For more information on setting up self-managed super and planning for your retirement, please contact our Adelaide SMSF financial advisors today. We service: Rundle Mall, Albert Park, Delfin Island, Mile End, Brooklyn Park, Keswick, Marleston, Richmond, Semaphore Beach, Exeter, North Haven, Birkenhead and surrounding areas as well.
For BV Family Law Advice click here.
Specialist SMSF Accounting Firm in Adelaide SA also servicing Rundle Mall, Albert Park, Delfin Island, Mile End, Brooklyn Park, Keswick, Marleston, Richmond, Semaphore Beach, Exeter, North Haven, and Birkenhead.
BV Financial Advisors Adelaide are affordable accountants and legal advisors. Ask about if self managed super is the right choice for you. SA specialists for SMSF property and loans for business and high wealth families. Call us for a free initial assessment
Phone: 1300 663 540
- How to Set up an individual Self-Managed Super Fund
- Adelaide SMSF Advisor
- What is a self-managed superannuation fund?
- What is the minimum amount for a SMSF?
- SMSF Set-up Costs Adelaide
- Set up Fees (inc GST)
- Setup SMSF for your Family.
- SMSF Accountant Adelaide.
- SMSF Accounting Adelaide SMSF Advice.
- More Adelaide Locations
- High Level Control Over Your Wealth
- SMSF Borrowing to Buy Property in you SMSF
- Buying your business premises with SMSF.
- Get Advice on Running Your SMSF
- Local SMSF Tax Advice
- Discover if self managed super is ideal for your situation.