A better solution for Self-Managed Super Funds (SMSF)
More than ever, Australians are choosing to have control over their retirement funding with a Self-Managed Super Fund.
It’s important to understand that an SMSF is not just about accounting – it is also a wealth creation vehicle that should be properly established and managed.
When setting up and running your Self Managed Super Fund (SMSF), one of your most important decisions is choosing your SMSF administration provider to help guide you through the process.
The compliance element of super is complex and administration services vary widely in what they offer.
At Smart Money Company, we want our clients to have access to the best superannuation service available. Smart Money Company is a complete SMSF administration service designed to ease the burden of compliance and paperwork and provide you with peace of mind.
Why consider Smart Money Company Super?
- You want to minimise the burden of being a trustee
- You want more than just audit, tax and accounting capabilities
Smart Money Company Super offers the following benefits:
- Facilitate the Set up your trust correctly
- Receive all mail correspondence and manage all administration
- Assist you to develop your investment strategy
- Ensure that your SMSF is fully compliant with all government regulations
- Provide you with real-time reporting online, every day
What should you look for in a best-practice SMSF and why?
Surprisingly, there are no set standards governing the superannuation administration service industry. At Smart Money Company, we believe that there are some critical elements you should consider when choosing your SMSF administration provider.
- Know exactly what you are getting
Are you paying a complete fee but getting only half the service?
From storing and maintaining a record of your documents to tracking your contributions to ensure that you remain on the right side of regulation to avoid onerous fines, with Smart Money Company, you can rest easy in the knowledge that we take care of all the necessary hard work.
- Have the paperwork managed for you
New SMSF trustees often remark on the large volume of paperwork that needs to be dealt with. As a layperson, it is difficult to know what is important and/or urgent. As a trustee, you are responsible for acting on and maintaining a record of all documentation. In the event of a flood or a fire, vital documents can be lost. With Smart Money Company, all your SMSF documentation is centrally managed by our cloud-based professional mailing service. We receive the mail, act on it and organise its storage and archiving.
- Get online, real-time access to information
Many people with their own SMSF are unaware of their exact financial situation until the end of the financial year. Because of this, they wait until they receive a statement and then they pay their superannuation contribution on June 30. This is an outdated practice and can result in losing out on months of potential growth. With Smart Money Company you see real-time reporting, online, every day.
With Smart Money Company Super, you are the chairperson of your SMSF – not the administrator
Whether you want to set up a self-managed super fund or you already have one that is not meeting your needs, we invite you to go to contact us to see how we can ease the burden of SMSF management for you.
Please note that Smart Money Company does not provide tax advice. It is important that your personal circumstances are taken into account and you should consult with your own independent tax professional.