Self Managed Superannuation Funds (SMSF)

Standard Deed

Our deeds have been reviewed and updated and incorporate all changes to the SIS legislation effective 1st January 2006. Our deeds are prepared by barristers, not solicitors. Our cost is all you will pay, there are no hidden fees!
Our standard trust deed contains all the necessary features including:

  • Trustee flexibility in fund administration
  • Allows spousal splitting of super contributions
  • Details the rules relating to the payment of different forms of pensions
  • Allows discretion as to the format of trustee pay out notices
  • Allows the trustee to adopt changes to the SIS legislation without amending the deed

Our trust registers are delivered to the client and contain full supporting documentation plus comprehensive instructions.

Each Register comprises:

  • Clear and concise explanations
  • A PDS outlining the provisions in the deed
  • 3 bound and one loose leaf copies of deed
  • Easy to use tabbed sections for quick reference filing
  • Relevant establishment consent forms, minutes of meetings and share certificates
  • A bank account pack, rollover documentation, employer notification
  • A tax and business pack, including forms to obtain registration from the ATO for your ABN and TFN

Order a Self Managed Superannuation Fund today to obtain the highest quality deed which conforms to all relevant legislation and statutory requirements.

Self Managed Superannuation Funds (SMSF)


What is a Self Managed Superannuation Fund (SMSF)?

A SMSF is a superannuation fund that you manage yourself. As a trustee of Your SMSF, You decide where to invest your superannuation monies. You take control of your retirement. You are no longer dependant upon the conservative investing of fund managers and upon excessive fees.

How long does it take to set up my Self Managed Superannuation Fund?

Generally allow 7 working days from when we receive your order.

What are the components of a Self Managed Super Fund?

There are three components, the Trustee, the Superannuation Fund and the Members.

A Self Managed Super Fund must have up to 4 trustees and can have no more than 4 members. Trustees make the investment decisions on behalf of the members. The superannuation fund invests money on behalf of the members and the members receive the money on retirement.

Is Self Managed Superannuation tax effective?

Yes. Most people strive to pay less tax and if you are an employee or self-employed, you will achieve this goal by making the most of your superannuation. You will pay 15% rather than your marginal rate and a surcharge when your adjusted taxable income exceeds certain thresholds.

You may use pre tax dollars to pay for all the usual running costs of the fund. Expenses such as the set-up of the SMSF, audit fees, life insurance, limited sickness and accident insurance, some home office costs, education and training can all be paid out of the pre-tax income of the fund

How much should I have in a Managed Super Fund before transferring it to a Self Managed Super Fund?

This depends on your personal investment strategy. Our recommendation is that you determine the investment return required from funds invested in simple strategies such as covered calls then compare that return to the cost of running a self managed superannuation fund. If the return exceeds the cost, then consider establishing a self-managed superannuation fund.

What administration is required?

Each year your self-managed superannuation fund is required to lodge a tax return and an audit return. We can refer you to qualified practitioners who can assist with the audit return to ensure that all financial statements, fund reports, trustee declarations, minutes and auditors reports are prepared in accordance with the compliance guidelines as set out by the ATO.

Does this mean I can access my retirement monies early?

No. The restrictions remain the same.

That is, apart from exceptional circumstances, You cannot access Your superannuation monies until You turn 55 years of age. Even then, You cannot access Your monies until You retire from work.

Why would I establish a SMSF?

By establishing Your own Self Managed Superannuation Fund, You take control of Your retirement planning, You become responsible for Your own investment decisions and You become entitled to tax savings that You would otherwise not be entitled to.

SMSF’s can also be used to protect Your assets to a limited degree. In many instances, assets held in Your SMSF cannot be touched by creditors in a bankruptcy petition.

Can I use a SMSF to trade options or do buy writes? What about futures or CFDs?

Yes, you can trade options. However, there are restrictions. You need to have a proper investment strategy and your fund rules need to allow you to do it. Not only that, but there are other duties and requirements as to prudent investing which the law places on You.

Currently, there are difficulties with futures or CFDs being traded in a SMSF.

It is important that You seek professional advice before doing any trading from Your SMSF.

Are there any restrictions in what my SMSF can do?

Your SMSF can invest in most investments, depending on Your investment strategy. Your SMSF can invest in such investments as shares, managed funds, property trusts, art, antiques and rare collections. And many other things too.

There are however a few restrictions. Your SMSF cannot borrow apart from exceptional circumstances. Your SMSF is limited in what it can trade, so You must always seek professional advice before doing any trading. Your SMSF must be set up for the sole purpose of providing for Your retirement. And your SMSF must not provide You with any financial assistance whatsoever.

How many people can You have in an SMSF?

You can have a maximum of 4 members (related or unrelated). Each member must be a trustee of the SMSF (or a director of the trustee company).

What are the tax rates?

Superannuation is useful to save tax for employees and business people. You only pay 15% tax instead of your marginal rate. Once you turn 55, subject to the reasonable benefit rules, Your maximum rate of tax is 15% (plus Medicare levy).

Further, as an existing trader, You can use pre-tax dollars to pay for all the usual running costs of Your SMSF. Expenses such as audit fees, life insurance, limited sickness and accident insurance, some home office costs, education and training costs, and Your computer equipments and trading software costs, can all be paid out of the pre-tax income of the SMSF.

Seek professional advice before claiming expenses or spending any money from your SMSF.

Tagged with 

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title="" rel=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>