How to Set up an individual Self-Managed Super Fund
Intelligent business professionals in Melbourne are taking back power over their retirement nest egg with self managed superannuation funds. SMSF’s can lower your tax debts and maximise returns to achieve financial freedom.
Melbourne SMSF Advisor
BV Tax Law Financial Accountants can take care of all the administration, accounting and taxation, compliance, and the annual SMSF audit, for you devote your time focused on other investments for the retirement.
What is a self-managed superannuation fund?
A self-managed super fund (SMSF) is a legal structure which maintains a person’s retirement savings however which is managed closely by that person, as opposed to an industry super fund or employer operated superannuation fund. An SMSF may give you a lot more control over your financial long-term, allowing you many more investment options.
What is the minimum amount for a SMSF?
It’s also crucial to consider, that our team typically suggest clients have a minimum of $300,000 in combined retirement assets before considering setting up an SMSF.
SMSF Set-up Costs Melbourne
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 centralize your super balances. This could enable you to acquire assets of higher value in the fund , achieve more substantial estate planning flexibility and reduce the running costs of the fund.
SMSF Accountant Melbourne.
BV Tax Law Financial Melbourne delivers a wide variety of expert SMSF advice from our local award winning SMSF Professionals. 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 Melbourne SMSF Advice.
BV Tax Law Financial Melbourne provides company accounting & advice, financial planning and SMSF recommendations to the Melbourne, East Melbourne, West Melbourne, Phillip Street, Flinders Street, Collins Street, Bourke Street, Chinatown, Princes Hill, Coburg, Moreland, Tullamarine, Melbourne Airport, Oak Park, Hadfield, Moreland, Southbank, Port Melbourne, Middle Park and surrounding areas. Our firm have particularly strong relationships with local business and high wealth individuals.
High Level Control Over Your Wealth
More investment choice:
You can choose from a larger variety of investments including all listed 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 make it possible for the purchase an investment property.
The rules for SMSFs borrowing are stringent and it is important that you speak with a specialist self managed super funds borrowing specialist .
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 particularly advantageous from a taxation and asset protection standpoint and it is for these reasons that SMSFs are popular investment vehicles in Australia.
Before acquiring your own business premises, you should consult with your accountant, financial planner and mortgage broker to discuss all the applicable advantages and disadvantages in your circumstances.
Local SMSF Tax Advice
BV Tax Law Financial in Melbourne, VIC can provide Control and Flexibility to your Super Fund. We can assist you combine family assets, make decisions to grow your wealth for retirement and build 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 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 Melbourne SMSF financial advisors today. We service: East Melbourne, West Melbourne, Phillip Street, Flinders Street, Collins Street, Bourke Street, Chinatown, Princes Hill, Coburg, Moreland, Tullamarine, Melbourne Airport, Oak Park, Hadfield, Moreland, Southbank, Port Melbourne, Middle Park and surrounding areas as well.
- Business structuring Melbourne
- Tax Planning Melbourne
- High Wealth Financial Planning Melbourne
- Estate Planning Melbourne
- Charity Philanthropy Ethical Investing Melbourne
For BV Family Law Advice click here.
BV Financial | Melbourne Self Managed Superannuation Fund Advisors
Specialist SMSF Accounting Firm in Melbourne VIC also servicing East Melbourne, West Melbourne, Phillip Street, Flinders Street, Collins Street, Bourke Street, Chinatown, Princes Hill, Coburg, Moreland, Tullamarine, Melbourne Airport, Oak Park, Hadfield, Moreland, Southbank, Port Melbourne, and Middle Park.
BV Financial Advisors Melbourne are affordable accountants and legal advisors. Ask about if self managed super is the right choice for you. VIC 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
- Melbourne SMSF Advisor
- What is a self-managed superannuation fund?
- What is the minimum amount for a SMSF?
- SMSF Set-up Costs Melbourne
- Set up Fees (inc GST)
- Setup SMSF for your Family.
- SMSF Accountant Melbourne.
- SMSF Accounting Melbourne SMSF Advice.
- More Melbourne 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.