SMSF Articles

How to Set Up an SMSF

HOW TO SET UP AN SMSFIf you have decided to take the front seat in driving your superannuation, then this article will help you with how to set up your own SMSF (Self Managed Super Fund). There are generally five categories of superannuation funds: Retail super funds Industry super funds Public sector super funds Corporate super funds Self managed super funds While the first four categories are run by superannuation fund providers, SMSFs have become increasingly popular in the last 20 years...

Superannuation Rules

Superannuation Rules The rules around superannuation, and superannuation in SMSFs (Self Managed Super Funds) specifically, seem to change regularly and if you are an SMSF trustee it is your responsibility to keep on top of changes to any superannuation rules. While you can rely on your accountant or advisor for advice, ultimately you are the one responsible for the management of your SMSF so it’s important to keep on top of any changes as they can have...

How to wind up an SMSF

How to wind up an SMSF The winding up of an SMSF is the process by which all the assets of the fund are paid out or rolled over and all the final reporting and administrative requirements have been completed. The SMSF trustee may wish to wind up their fund for a number of reasons: all/most members have left the fund eg due to death or rolling funds into another fund; no or insufficient assets remaining eg due to payment or rolling over of benefits; inability/unwillingness of the trustees to...