Self Managed Super Funds (SMSF)

As Australia’s population continues to age, questions around retirement and superannuation only become more important. However, once you get to this point, there are many choices in which to accumulate funds for your retirement.

Whether this is a retail fund, a public sector fund, corporate fund or industry fund, there is one type of superannuation fund that is particularly more popular today – Self-Managed Super Funds (SMSF).

Despite the remarkable number of Australians starting SMSFs, they can be very difficult to manage right from the beginning. As such, it will be important to find an SMSF specialist accountant to help you manage each step of the journey.

This is where DBS Accountants are of assistance. With years of experience and skills in relation to SMSFs, we are in a great position to ensure the SMSF is established properly and for the right reasons. We then provide ongoing administration and taxation services to ensure the trustees of the SMSF remain on top of their ongoing compliance obligations.

We provide a full range of SMSF related services including:

  • Establishment of SMSF and SMSF trustee company
  • Preparation of annual accounts, tax returns, member statements etc
  • Complying with On-going real-time reporting requirements using specialist SMSF software.
  • Advise on compliance with SIS Act and Regulations, Income Tax regulations

Of course, one of the most importance aspects of running your own SMSF is compliance. The Superannuation Industry (Supervision) (SIS) Act is full of complex regulations and rules which can trip up those new to the SMSF industry.

As such, DBS Accountants are able to offer tax and regulatory compliance advice that ensures you can continue to operate your SMSF within the bound of rules.

SMSF Borrowings, Custodian Trust, Compliance with SMSF borrowing rules

The Law allows an SMSF to borrow to buy investments subject to certain very strict rules. It is important that this process is done only after carefully assessing the investment strategy, and in the right sequence of steps. There are a number of complex SMSF borrowing rules and adhering to each and every one is vital.

At DBS Accountants we can assist you in setting up the right structures for borrowing in an SMSF.

Updating of SMSF trust deed

An SMSF’s trust deed is the most important document of the fund. It defines and determines how the fund should operate. However, as Super rules and regulations keep changing it is important to review and update the trust deed from time to time. This regular updating ensures that the trust deed remains compliant with the current regulatory framework, and is able to offer all the benefits as allowable by current rules.

DBS Accountants offer SMSF trust deed updating services via one of the Industry leader in SMSF and corporate documentation.

Want to learn more?

If you wish to talk to our expert SMSF accountants and auditors or learn more about how we can improve your SMSF processes, contact us today.

To discuss in more depth with our team, call us today on 02 9796 4500.

Rajeev Dixit is Authorised Representative 1239763 of Merit Wealth Pty Ltd, Australian Financial Services Licence 409361, ABN 89 125 557 002

Click here to download Rajeev Dixit Financial Services Guide

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