How to Set up an individual Self-Managed Super Fund
Smart local business professionals in Brisbane are getting back command over their retirement with self managed superannuation funds. SMSF’s can lower your tax debts and maximise returns to achieve financial independence.
Brisbane SMSF Advisor
BV Tax Law Financial Accountants can take care of all the administration, accounting and taxation, compliance, and the yearly SMSF audit, so you could spend your time focused on investing for your retirement.
What is a self-managed superannuation fund?
A self-managed super fund (SMSF) is a legal structure that holds a person’s retirement savings but which is managed closely by that person, as opposed to an industry fund or employer operated superannuation fund. An SMSF is able to give you increased control over your financial long-term, allowing you many more investment options.
What is the minimum amount for a SMSF?
It’s also essential to bear in mind, that our team generally suggest clients have a minimum of $300,000 in combined retirement assets before considering setting up an SMSF.
SMSF Set-up Costs Brisbane
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 start a SMSF fund for yourself and up to three other people and consolidate your super balances. This could allow you to purchase assets of higher value , achieve more substantial estate planning flexibility and reduce fund running costs.
SMSF Accountant Brisbane.
BV Tax Law Financial Brisbane provides a wide variety of specialist 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 Brisbane SMSF Advice.
BV Tax Law Financial Brisbane provides business accounting & advice, financial planning and SMSF advice to the Brisbane, Brisbane City, Fortitude Valley, New Farm, Newstead, Spring Hill and neighboring areas. Our team possesses particularly strong relationships with local business and high wealth individuals.
High Level Control Over Your Wealth
More investment choice:
Through your SMSF, you can choose from a much wider variety of investments including all listed shares, some unlisted shares, residential, commercial and business property, and collectables especially 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 regulations for SMSFs borrowing are stringent and it is important that you talk to a professional 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 buying structure is exceptionally beneficial from a taxation and asset protection perspective and it is mostly for these reasons that SMSFs are such popular investment vehicles in Australia.
Before investing in your own business premises, you should consult with your accountant, financial planner and mortgage broker to discuss the applicable advantages and disadvantages in your circumstances.
Local SMSF Tax Advice
BV Tax Law Financial in Brisbane, QLD is able to provide Control and Flexibility to your Super Fund. We can help you combine family assets, make active decisions to grow wealth for retirement and set up a strategy for their beneficiaries and their own later years.
Discover if self managed super is ideal for your situation.
Our planners and tax advisors would love to help you to adjust 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 Brisbane SMSF financial advisors today. We service: Brisbane City, Fortitude Valley, New Farm, Newstead, Spring Hill and surrounding areas as well.
- Business structuring Brisbane
- Tax Planning Brisbane
- High Wealth Financial Planning Brisbane
- Estate Planning Brisbane
- Charity Philanthropy Ethical Investing Brisbane
For BV Family Law Advice click here.
Specialist SMSF Accounting Firm in Brisbane QLD also servicing Brisbane City, Fortitude Valley, New Farm, Newstead, and Spring Hill.
BV Financial Advisors Brisbane are affordable accountants and legal advisors. Ask about if self managed super is the right choice for you. QLD 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
- Brisbane SMSF Advisor
- What is a self-managed superannuation fund?
- What is the minimum amount for a SMSF?
- SMSF Set-up Costs Brisbane
- Set up Fees (inc GST)
- Setup SMSF for your Family.
- SMSF Accountant Brisbane.
- SMSF Accounting Brisbane SMSF Advice.
- More Brisbane 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.