Taking Control of Your Financial Future with a Self-Managed Super Fund
An SMSF can be the game-changer that lets you choose where your money goes. Think shares, property, or even your own business premises. More flexibility. More investment choices. More control over your financial future. Of course, with that freedom comes responsibility.
That’s where we come in. Our friendly team of SMSF accountants is here to help you set up and manage your SMSF. While SMSFs can provide significant financial rewards when done right and they do allow you to make all your investment decisions, SMSFs also require careful management to ensure compliance with regulations.
Thankfully, we have the experience to help you through every step, making sure your fund operates smoothly and effectively. We’ll help you get it right from day one. You’ll get expert advice, a clear process, and support that sticks around long after the paperwork is done.
And with offices in Melbourne, the Gold Coast and Sydney, plus the capacity to service any small business Australia-wide, you’ll find it easy to take control of your Financial Future with SMSFs.
Curious if it’s worth it for you? Let’s run the numbers together. No pressure. Just solid advice.
Firstly, Is An SMSF Right for You?
An SMSF isn’t for everyone. It takes the right setup, a bit of know-how, and a genuine interest in managing your own money. But for the right person, it can be a powerful way to grow wealth on your own terms.
You might consider setting up an SMSF if:
- You want more control over where your super is invested
- You’re financially savvy or curious and like making your own decisions
- You have around $200,000 or more in super to make it cost-effective
- You want to invest in things your current super fund doesn’t offer
Running a business and want your SMSF to own your office space? That’s possible. Interested in tailoring your investment strategy to your values, not someone else’s? You can do that too. These are just a couple of reasons business owners take the SMSF route. It all comes down to whether the structure suits your goals, lifestyle, and appetite for responsibility. We help you weigh it all up and decide with confidence.
Master Your SMSF With a Trusted SMSF Accountant
Our self-managed super fund accountants provide a service that takes all the guess work out of your legal compliance and set up.
SMSF Establishment
Setting up an SMSF involves critical decisions and detailed processes. We’ll handle your self-managed super fund setup from start to finish, ensuring it’s done perfectly and aligned with your financial goals.
Annual Compliance & Audit
As the trustee of an SMSF, staying compliant with tax and superannuation laws is essential. You can count on our expertise to manage annual compliance requirements and coordinate audits, giving you complete assurance.
Limited Recourse Borrowing
If your SMSF plans to borrow money to purchase assets, Propeller Advisory can help establish a limited recourse borrowing arrangement. We ensure the structure is compliant and supports your investment strategy seamlessly.
Management & Administration
Managing an SMSF involves a lot of reporting and paperwork, which can feel overwhelming. Let us handle the day-to-day administration, from compulsory reporting to documentation, so you can focus on running your business.
SMSF and Divorce
Divorce can be a complex and emotional time, especially when dividing superannuation assets. We provide guidance to help you navigate SMSF splits during a divorce, protecting your valuable savings and ensuring compliance.
Why Use Our SMSF Setup Service?
We know managing a self-managed super fund (SMSF) while running your business can feel like a juggling act. Let us take the load off your hands! Here’s why small business owners trust us:
Personalised Support from SMSF Specialists
Our team specialises in SMSF accounting for small business owners, providing personalised, efficient and informed service that aligns with your financial goals and unique circumstances.
Compliance You Can Trust
SMSF regulations can be complex, and staying compliant is critical. We ensure your fund meets all ATO requirements, from annual reporting and tax returns to audits, so you can avoid penalties and focus on your business.
Ongoing Management and Administration
Managing an SMSF can feel overwhelming with the amount of paperwork and reporting involved. We handle the nitty-gritty details, from setting up your fund to ongoing administration, freeing up your time to focus on what matters most.
Dedication to Your Long-Term Wealth
Your SMSF is a key part of your financial future. We work with you to optimise your investments, minimise tax liabilities, and protect your assets, ensuring you’re on track for long-term success.
SMSF FAQs
What is an SMSF, and How Does it Work?
A self-managed super fund (SMSF) is a private superannuation fund that puts you in the driver’s seat of your investments and retirement planning. As an SMSF trustee, you’re in control, but you’re also responsible for ensuring your fund complies with tax and superannuation laws. That’s where guidance becomes essential.
How to set up an SMSF in Australia?
To set up an SMSF, you need to create a trust, nominate trustees, register with the ATO, get a TFN and ABN, open a bank account, and build an investment strategy. It sounds like a lot, but we break it down step by step and handle the tricky bits with you.
How much do I need to start an SMSF?
Generally, around $200,000 is the tipping point where an SMSF starts to make financial sense. But it really depends on your strategy, how you want to invest, and whether you’re up for the ongoing management side of things.
How can Propeller Advisory help with my SMSF Setup?
Setting up an SMSF involves critical decisions and compliance requirements. We handle every step of the process—from establishing the legal structure and registering your fund with the ATO to setting up bank accounts and preparing the trust deed. Our goal is to ensure your SMSF is set up correctly and aligned with your financial goals.
What are the Compliance Requirements for SMSFs?
SMSFs are subject to strict regulations, including annual financial statements, tax returns, and an independent audit. As your SMSF accountant, we manage all these requirements, ensuring your fund complies with ATO regulations and operates smoothly.
How Does Propeller Advisory Help with SMSF Administration?
We take the stress out of managing your SMSF by handling day-to-day administration, including contributions, pension payments, and compulsory reporting. Our team ensures your fund operates efficiently while staying compliant with superannuation laws.
Can I buy property through my SMSF?
Yes, you can, but there are strict rules. The property has to meet the sole purpose test, it can’t be lived in by you or your family, and it must be bought at market value. We’ll help you structure the purchase properly so you stay compliant.
Is an SMSF better than a retail super fund?
It depends on what you want. SMSFs give you more control and investment options, but they also come with more responsibility. If you’re financially switched on and want to tailor your super to fit your goals, it could be a great fit. If not, a retail fund might be simpler. We’ll help you decide either way.
