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

Our Reviews on Google

  • review rating 5  Ray and his team helped us create an extremely tax effective structure to reduce our tax obligations, maximise our returns and protect our company and private assets. We can now plan for retirement with confidence and certainty. I would highly recommend Taggart & Partners and only wish I'd changed accountants years ago! (The reserved parking sign with our names on it was also a nice touch!)

    thumb Paul Hewish
    3/08/2020
  • review rating 5  I was introduced to Ray Taggart when I abruptly learnt that "our existing accountant wasn't an accountant!" Ray and his team immediately took us on board and over a short period of time ensured compliance when it was needed the most. To know that you have a support team in the background such as Taggart & Partners, a team who will ensure that all aspects of owning and operating a small business is kept compliant, is a breath of fresh air. Ray and his team are always on the other end of the phone (or email) and a response to queries is always received within twenty fours - much different to what we had become used to in the past. I cannot recommend Taggart & Partners enough, thankyou!

    thumb Tracey Sims
    11/14/2019
  • review rating 5  I’ve been a client for over 10 years and cannot recommend this firm enough. Personable and knowledgeable service. Very experienced team. Always available with back up support. It is essential to have this kind of support when running a small business. And Taggart and Partners really deliver. They have been invaluable. Highly recommended.

    thumb Stephanie Canfell
    1/16/2020
  • review rating 5  My husband and I changed over from our previous accountant of 25 years to Ray Taggart & Partners 6 months ago. This decision was not taken lightly, but Ray was highly recommended by our in house accountant in our business. Upon meeting Ray for the first time we knew he was a cut above the rest. Ray has proved that tour first instinct was correct. For the first time in 25 years in business, we have a clear and concise proactive plan in place with the structure of our business and personal plans for the future. It has been the best investment in our future that we have made for a very long time. I would highly recommend Ray Taggart and his team to anyone in business Thank you Ray Lorraine Parke Fashion Carpet Court Stones Corner

    thumb LORRAINE PARKE
    8/08/2019
  • review rating 5  We've recently become clients of Taggart & Partners after knowing Ray & Suzi professionally/personally for 10+ years. The change over from my previous accountant handled with ease/care, and the first 12 months has been eye opening. There is clear concise communication, a pro-active mentality, and a whole of team office culture that makes you feel like you're their most important client. Working with an Accountant/Business adviser shouldn't be seen as just a business cost, it should be seen as an investment, and switching to Taggart & Partners has been one of the best business investment decisions I've made in the last decade.

    thumb Aron Burtenshaw
    7/17/2019
  • review rating 5  If you want a company that can understand the varying needs of individuals circumstances and how best manage them you cannot go past Taggart & Partners. From the start Ray and his team have provided a wealth of knowledge and support with how to better manage my companies and trusts. I would highly recommend Ray and his team at Taggart & Partners! After many years of searching I have now found a company that is professional and provides accurate advice when needed. Not to mention Ray and the team are extremely friendly and welcoming!

    thumb Andrew Allinson
    7/18/2019
  • review rating 5  It has taken me 6 years to find an Accounting Firm that I am finally extremely happy with. The Owner/Director Ray Taggart is a sharp-minded operator with a very efficient team . This now sets the way forward for my business and personal tax returns. You cannot go wrong .

    thumb Teneriffe Apartments
    9/06/2019

Looking for self managed superfund (SMSF) accountants?

Tell us about your business accounting needs below and we’ll schedule a consultation.




Call Now Button