Self-Managed Superannuation Funds (SMSF) are utilised by many Australians to provide for their retirement. The main difference between a SMSF and Institutional Superannuation Funds is that members of a SMSF are the trustees and can operate the SMSF for their own benefit.
It is very important that anyone who is thinking of or is setting up a SMSF be fully aware of the responsibilities and obligations as trustees of a SMSF. The Australian Taxation Office (ATO) regulates SMSFs and maintains a strong focus to ensure compliance with the appropriate legislation and regulations.
Setting up a SMSF is a major financial decision and you need to have the time and skills to ensure that you comply with your obligations. Experienced financial advisors and accountants should be consulted to help you understand what is involved.
Our team understand that setting up a Self-Managed Superannuation Fund can cause confusing with compliance issues and obligations. The SMSF team at FC Lawyers can help you set up the appropriate documentation and assist you in understanding your legal obligations, in what is a very complex and confusing area of law that can cause trouble in the future, if not setup correctly.
Our dedicated Self-Managed Superannuation Fund team will assist with:
Our team is experienced in all aspects of SMSFs which help provide you with peace of mind and guide you through the complex legislation to ensure you comply with the strict government regulations.
If you are thinking about setting up a Self-Managed Superannuation Fund, or have any questions regarding Self-Managed Superannuation Fund’s, please don’t hesitate to contact our team of legal professionals.
We bring you regular news updates, legislation changes, team news and social events straight to your email. Sign up today and stay up to date with everything happening at FC Lawyers.