How to Set up an individual Self-Managed Super Fund
Intelligent business professionals in Gold Coast are now taking back power over their retirement savings with self managed superannuation funds that can lower your tax debts and maximise returns to achieve financial independence.
Gold Coast SMSF Advisor
BV Tax Law Financial Accountants can handle all the administration, accounting and taxation, compliance, and the annual SMSF audit, so you could spend your time focusing on other investments for the future.
What is a self-managed superannuation fund?
A self-managed super fund (SMSF) is a legal structure which maintains an individual’s a person’s retirement savings however which is managed more closely by that person, as opposed to an industry super fund or employer operated superannuation fund. An SMSF can give you greater control over your financial future, allowing you many more investment options.
What is the minimum amount for a SMSF?
It’s also essential to consider, that we typically suggest clients have a minimum of $300,000 in combined retirement assets before considering setting up an SMSF.
SMSF Set-up Costs Gold Coast
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 SMSF fund for yourself and up to three other people and centralize your super balances. This could allow you to acquire assets of higher value than if you set up a fund with fewer members, achieve greater estate planning flexibility and reduce fund running costs.
SMSF Accountant Gold Coast.
BV Tax Law Financial Gold Coast delivers a wide variety of expert SMSF advice from its local award winning SMSF Professionals. Our SMSF services are amongst the best in Australia . Our Gold Coast team can provide:
- SMSF set up
- SMSF structuring
- SMSF borrowing and investing
- SMSF administration, auditing and compliance.
SMSF Accounting Gold Coast SMSF Advice.
BV Tax Law Financial Gold Coast delivers company accounting and advice, financial planning and SMSF advice to the Gold Coast, Coolangatta, Burleigh, Miami, Mermaid Beach, Broadbeach, Surfers Paradise, Main Beach, Southport, The Spit, Biggera Waters, Labrador, Mudgeeraba, Robina, Bundall and neighboring areas. Our team have particularly strong relationships with local business and high wealth individuals and specialises in proactive advice.
High Level Control Over Your Wealth
More investment choice:
Through your SMSF, you can select from a larger stable of investments including shares, some unlisted shares, residential, commercial and business property, and collectables such as artwork, stamps and coins.
SMSF Borrowing to Buy Property in you SMSF
Borrowing within your fund to enable the purchase an investment property.
The regulations for self managed super funds borrowing are very strict and it is important that you speak with a professional self managed super funds borrowing specialist before investing or making acquisitions in your super fund 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 perspective and it is largely for these reasons that SMSFs are such popular investment vehicles in Australia.
Prior to investing in your own business premises, you should consult with your accountant, financial planner and mortgage broker to discuss all the relevant advantages and disadvantages in your circumstances.
Local SMSF Tax Advice
BV Tax Law Financial in Gold Coast, QLD is able to provide Control and Flexibility to your Super Fund. We can help you pool family assets, make decisions to grow wealth for retirement and establish a strategy for their heirs and their own later years.
Discover if self managed super is ideal for your situation.
Our planners and tax advisors would love to assist 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 Gold Coast SMSF financial advisors today. We service: Coolangatta, Burleigh, Miami, Mermaid Beach, Broadbeach, Surfers Paradise, Main Beach, Southport, The Spit, Biggera Waters, Labrador, Mudgeeraba, Robina, Bundall and surrounding areas as well.
- Business structuring Gold Coast
- Tax Planning Gold Coast
- High Wealth Financial Planning Gold Coast
- Estate Planning Gold Coast
- Charity Philanthropy Ethical Investing Gold Coast
For BV Family Law Advice click here.
Specialist SMSF Accounting Firm in Gold Coast QLD also servicing Coolangatta, Burleigh, Miami, Mermaid Beach, Broadbeach, Surfers Paradise, Main Beach, Southport, The Spit, Biggera Waters, Labrador, Mudgeeraba, Robina, and Bundall.
BV Financial Advisors Gold Coast 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
- Gold Coast SMSF Advisor
- What is a self-managed superannuation fund?
- What is the minimum amount for a SMSF?
- SMSF Set-up Costs Gold Coast
- Set up Fees (inc GST)
- Setup SMSF for your Family.
- SMSF Accountant Gold Coast.
- SMSF Accounting Gold Coast SMSF Advice.
- More Gold Coast 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.