Self-managed super fund (SMSF) is a superannuation fund that you manage yourself.
It is a tax structure that is able to provide you with the flexibility you need in investing your funds’ assets, estate planning, collectibles such as artwork and antiques, cryptocurrency, and options for retirement income options.
The tax office impose strict lodgement and administrative obligations, all of which require continuous attention. These include keeping and maintaining copies of all records, keeping records of trustee decisions, and preparing financial statements annually. Just like buying any property or deciding on when to sit down and just retire, the decision to set-up an SMSF is a big one to make. Being and staying educated plays an important factor.
Our Accountants at Liro can assist you in understanding the reporting obligations set by the ATO for your SMSF and ensuring that as a trustee, you are meeting all the necessary responsibilities that come with it. We can help with:
SMSF eligibility
Managing your time for SMSF
Reporting obligations as a trustee
Staying up to date with superannuation laws and legislation
