A Self-Managed Superannuation Fund (SMSF) is a fund, controlled by its own members and regulated by the ATO. The members have the liberty to control the fund by choosing where to invest and how to manage the fund.
Briefly, a Self Managed Super Fund (SMSF) is a private superannuation fund which is one:
- with fewer than five members
- where each trustee (or director of the trustee company) is a member
- where no member is an employee of another (or associated person), unless they are a relative of a member
- in which no trustee receives any remuneration for any services performed in relation to the fund
- Tax effective investment vehicle
- Key wealth protection tool for the family
- Strategic business assets for business owners
- Importantly an effective retirement vehicle to build the family wealth and transfer this wealth to family members over the generations.
We at Kosmas & Co. can assist you in the preparation of self-managed superannuation fund in Sydney and also in bringing an existing fund compliant with the current requirements of the legislation.
Our SMSF Services include:
- Assist with New SMSF Set Up
- Preparation of Annual Financial Statements
- Preparation & Lodgement of Income Tax Returns
- Preparation of Business and / or Instalment Activity Statements (as required)
- Processing of paperwork relating to contributions, benefits, pension and insurance payment
- Trust Deed Maintenance & SMSF Constitutions
- Members’ Statements & other relevant minutes & forms
- Assistance with external Audit of Fund (as required)
- Commencing Account Based Pensions
- Adding/Removing Members
- Tax advice on various SMSF strategies including pensions and limited recourse borrowing to purchase property
Interested about our self managed superannuation funds services?
Interested to know more about our preparation of self-managed superannuation fund in Sydney or other services? Simply contact our office and we will promptly attend to your enquiry free of charge.