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Self Managed Superannuation Funds

Services for Trustees, Members and Employers to navigate the ever-changing requirements of the industry, and maximise the benefits of SMSF

Self-managed super funds provide tax effective saving vehicles for retirement that also offer a range of benefits not available through regular industry or retail super funds. Cost advantages may also be applicable, depending on your personal circumstances.

Self Managed Superannuation Funds2024-01-29T12:19:27+08:00

Our SMSF Services

DFK Gooding Partners can support clients and their self-managed superannuation in each of the accumulation, retirement and estate planning phases. We have the skills and experience necessary to assist with the design, establishment and strategies required to run an effective fund.

We will advise you whether an SMSF is the appropriate choice compared to a retail superannuation fund. We will take care of setting up the trust deed and all related paperwork to establish the SMSF for you.

We provide ongoing administration for your SMSF fund (preparation of financial statements and tax return) and will liaise with you to ensure compliance with the correct SMSF legislation.

In partnership with Premia Financial Planning and our Wealth Management team, we provide investment strategies tailored to your risk profile, ensuring your retirement goals are achieved.

SMSF legislation is constantly evolving, and individuals and businesses must remain informed as to how this may affect your SMSF. We offer in-depth advice on legislative and regulatory updates to ensure we are constantly maximising your tax savings.

Retirement planning is essential to maximize your SMSF benefits when it comes time to paying out from your fund. We work closely with you up to and during the time of payout to ensure a cost effective and seamless process.

Reviewed against your retirement goals, our health check will advise you if are on target with retirement goals, and forecasts how long your retirement funds will last when you retire.

From 1 October 2021, you can only rollover into or out of your SMSF using SuperStream. We can provide assistance with ensuring your SMSF is SuperStream compliant and to assist with meeting compliance deadlines.

Meet our SMSF specialists

Our in house team of SMSF experts are lead by Sally Paice. Sally is a qualified CPA with 10 years of experience in public practice and has a Graduate Diploma of Tax.

Sally Paice

SUPERANNUATION MANAGER

READ BIO >

SMSF FAQs

How do I know if a SMSF is the right fit for me?

Some advantages to having an SMSF include:

  1. Pooling benefits into one account for investment consolidation and administration simplicity
  2. Purchasing ASX listed shares, including on float and in share buy-backs
  3. Transferring personally owned listed securities directly into superannuation
  4. Owning your business’ real property within the fund
  5. Tailored management of tax on investment income and capital gains

  • You have a legal background, or good understanding of the legal landscape
  • You have a high degree of financial literacya
  • You’ve got a super balance of $500,000 or above
  • You have time available for researching investment options and managing your fund
  • You understand the costs associated with running an SMSF and can cover these costs
  • You want complete control of your superannuation
  • You have your own income and disability protection insurance (whatever level of cover you have within your current retail or industry super fund will be lost when you move to SMSF)

SMSFs can be complex and require careful management to ensure compliance and effective fund withdrawal strategies.SMSFs are designed to provide retirement benefits, so there are conditions for accessing funds, such as:

  • Reaching preservation age (between 55 and 60, depending on birth year).
  • Meeting a condition of release (retirement, reaching a specific age, or other special circumstances).
  • Transitioning to retirement (accessing a portion of the funds while still working).

Yes, you can use a limited recourse borrowing arrangement (LRBA) to invest in property through an SMSF. However, there are strict rules surrounding this, and the property must be held in a separate trust until the loan is repaid.

SMSFs are subject to strict compliance regulations, including:

  • Lodging an annual tax return.
  • Conducting an annual audit by an approved SMSF auditor.
  • Keeping accurate and up-to-date records.
  • Adhering to investment restrictions and sole purpose test (primarily for retirement benefit).
  • Not lending money or providing financial assistance to members or their relatives.

An SMSF can have a maximum of four members. All members must be trustees or directors of the corporate trustee, and each member must be a trustee or director.

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Tax Returns

  • Investment property tax returns
  • Deceased estate tax returns
  • SMSF tax returns
  • Individual tax returns
Find out more

Enquire about starting your SMSF

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Level 9/1 William St
Perth, WA, 6000
(08) 9327 1777
info@dfkgoodingpartners.com.au

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