Self Managed Super

Self-managed super funds (SMSFs) is the super that you are responsible and the trustee of your own fund and need to comply with super law and make your own investment decisions. If you want to manage your own super, there are many factors you need to consider. To work out whether an SMSF is right for you, it’s important you take the following six steps:

Consider your options and seek professional advice.
Ensure you have sufficient assets, time and skills to manage your own fund.
Follow the super and tax laws and understand the risks.
Tailor your trust deed and investment strategy to suit the members of your fund.
Be sure you can meet your record keeping and reporting obligations.
Make sure you understand your annual auditing obligations.

At Wise Owl Accountants, we provides a comprehensive self managed superannuation fund (SMSF) package to support you in setting up a Do it Yourself (DIY) Super Fund right through to the ongoing accounting and auditing requirements.

How does it operate?

Self managed super funds (SMSFs) work like any other super fund but the responsibility of managing it rests solely with the trustee (you). Establishing and operating a SMSF is a major financial decision. After all, with this type of fund you’re both a member and a trustee.
…More about Operating Self Managed Super…

What are the advantages?

SMSFs have the same role as any other super funds. The difference is, generally, that the members of SMSFs are also the trustees. Being a trustee of an SMSF gives you more flexibility when it comes to investing your fund's money. You control the investment of your contributions and the payment of your benefits.
…More about the advantages of Self Managed Super…

Set up your SMSF

We support you through every stage of the process and provide you with the full documentation necessary for the establishment of a complying superannuation fund for up to 4 members, according to legislative requirements while being flexible enough to suit your individual needs.
…More about setting up your Self Managed Super…

How much is required to get started?

Ideally, when setting up a SMSF a minimum of $70,000 is required. If you have more than one member, the total combined assets can be transferred to meet the minimum requirements.
…More about How much is requuired to start Self Managed Super…