Self-managed Superannuation Funds
There are several trust laws and legislative requirements for setting up a self-managed superannuation fund (SMSF). Typically you need to:
- Obtain a trust deed
- Appoint trustees
- Sign a trustee declaration (NAT 71089)
- Elect to become a regulated fund
- Obtain a tax file number (TFN)
- Obtain an Australian business number (ABN).
SMSFs are our specialty. At BDK Buscombe we provide the professional advice you need to set up your own funds and greatly simplify the process for you.
SMSFs account for around 20% of all Australian super funds, and this is growing at around 2,500 per month (source: ato.gov.au). Trustees of SMSFs are responsible for ensuring the fund complies with legislation and ATO administration requirements, in addition to the Superannuation Industry Supervision Act 1993.
These rules will help you and your other trustees to create and implement an investment strategy for your SMSF. The strategy will reflect the purpose and circumstances of the fund in order to:
- Maximise returns and minimise loss
- Be effective over a longer term
- Pay members at retirement and cover costs.
We have a reputation for being one of the most cost-effective accounting, administration and statutory compliance managers for SMSFs.
Let us manage your fund right, so you have the best possible payout.
Back to Services