Setting up your own Self Managed Super Fund

Setting up your own SMSF (Self Managed Super Fund)

Expert advice on the creation, structure and ongoing management of your SMSF

As of ATO’s March 2019 SMSF quarterly statistical report highlights, there are now 598,429 self-managed super funds (SMSFs) in operation with a 1,129,542 total number of members, managing an estimated $747 billion in assets.*

With more and more Australians choosing SMSFs to help them meet their retirement aspirations, it is essential to get the right advice and consider your options relating to SMSF.

Self Managed Super Fund Minimum Amount

An indivdual’s superannuation account is required to have a minimum of $200,000 Australian Dollars (SMSF minimum amount) for it to be set-up and approved.

SMSFs are an increasingly popular option for many Australians as they allow you to:

  • Have complete control over your retirement portfolio
  • Have increased investment choice and flexibility
  • Potentially reduce administration fees
  • Purchase an investment property leveraging your super fund
  • Manage or eliminate Capital Gains Tax
  • Pool your superannuation assets with a partner or family
  • Control who benefits from your estate

We can help you with:

  • Establishing a Self-Managed Superannuation Fund (SMSF)
  • Limited Recourse Borrowing Arrangements (LRBAs)
  • Transition to Retirement Strategies (TRIS)
  • General advice on SMSF product classes
  • Contributions strategies (concessional and non-concessional)

Talk to us today about your existing SMSF or if setting up your own super fund is the right choice for your circumstances.

*as at March 2019, according to the latest SMSF statistics released by the Australian Taxation Office (ATO). Australian Prudential Regulation Authority (APRA) is the prudential regulator of all super funds, with the exception of SMSFs, which are regulated by the ATO.

Licenced SMSF Advisor
  • Since becoming a client of Taggart & Partners we have found the staff extremely professional and informed. We have the greatest confidence in Taggart & Partners as they continue to give us advice on our business and personal accounts and superannuation.

    Nicole Burke Burke Constructions (QLD) Pty Ltd

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