A SMSF is a Self Managed Super Fund, which means you can take an active role in setting up and applying your own investment strategy. In Australia there are approximately 430,000 Self Managed Super Funds and growing at a rate 2500 – 3000 per month. There are many advantages to a SMSF which include:
- Control, flexibility and choice
- Tax effective savings
- Ongoing and portable
- Cost savings
At M Financial Services we can set up your SMSF and manage the regulations which are being strictly monitored by the ATO. A SMSF is not a set and forget strategy and the ATO will impose penalties on the fund and its trustees, which can include the following:
- Freeze the assets of the fund
- Disqualify trustees
- Remove or suspend trustees
- Make a fund non-complying
- Seek civil or criminal penalties
Contact M Financial Services to ensure your SMSF is compliant and performing at its best.
INTRODUCING OUR SUPER TEAM
Self-Managed Super Funds (SMSF) are a way of saving for your retirement and are designed to offer you more control over your superannuation investment. SMSF have become a popular option for Australians who like to have a greater level of flexibility and power over their future retirement income streams.
Our SMSF team consists of 3 Advisors and 4 Accountants who focus solely on all tax laws, compliance obligations and are dedicated to providing personalised service to their SMSF clients. Maclean Partners utilises efficiencies through the latest technology and data flows, allowing you as a SMSF trustee/director to monitor and "self manage" your funds.
In some cases a SMSF may not be suitable, so our dedicated SMSF team will personally assess your current situation and work to provide guidance so that you make the right investment decision based on your financial circumstances and goals. Maclean Partners have vast experience with simplifying SMSF administration and compliance. Additionally, the investments you choose can be tailored from accumulation to income stream phases to match the different stages of your life.
For further information please contact Corynne Murphy on 4729 2222.
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