It’s time you had a Self-Managed Super Fund Specialist
Although self-managed superannuation funds are often considered the ‘DIY’ option, maintaining and maximising the potential of your SMSF requires professional financial advice and assistance.
Managing an SMSF requires an in-depth understanding of compliance requirements. It takes time, skill and knowledge, and there are ongoing running costs. As trustee of an SMSF, you’ll be responsible for operating your fund within the law. If you don’t, you may face severe penalties and your fund can suffer heavy tax consequences.
Admin and Accounting Services for SMSF Trustees
Pretium Solutions can take care of all of your SMSF administration requirements while ensuring you adhere to all the ATO’s regulatory responsibilities. This way, you can enjoy complete peace of mind over your hard-earned nest egg.
Our services include:
- Preparing SMSF accounts and tax returns
- Tracking of member account balances and components
- Organising the annual independent audit and liaising with the auditor
- Track and maintain investment valuations and CGT records
- Monitor and track contributions & pensions made to/from your SMSF
- Monitor compliance of your SMSF with relevant legislation
- Lodgement of the SMSF annual return.
Paul Sweeney, Pretium Solutions Managing Director, is an SMSF Specialist Advisor™ (Self Managed Superannuation Fund Association) and a CA SMSF Specialist (Chartered Accountants Australia and New Zealand).
SMSF Establishment and Advisory Services
Establishing an SMSF is one of the most significant decisions an individual can make regarding their retirement savings and should only be undertaken with proper consideration and an understanding of the regulations and responsibility involved.
From 1 July 2016, accountants wanting to provide any financial advice, including advice relating to SMSFs will need to hold an Australian Financial Services Licence (AFSL) or operate under an AFSL.
This change means that any financial advice provided to trustees of SMSFs will no longer be considered an accounting service, and must be provided like other forms of financial advice – under an Australian Financial Services Licence (AFSL).
Unless appropriately licensed, an accountant cannot recommend a client establish, or not establish, a SMSF even if they believe it is in their client's best interest.
Why seek professional advice on your SMSF?
Being the trustee of a Self Managed Super Fund gives you greater control and flexibility over your investment, but it also means you’re responsible for serious legal decisions surrounding your fund.
We can provide tailored SMSF solutions and strategic advice to help better manage your SMSF and focus on what’s most important to you. We work with you on your SMSF strategy, maximising the performance of your investments while keeping costs at a minimum.