A Self-Managed Super Fund (SMSF) is a superannuation fund with no more than 4 members. The members act as Trustees of the fund and take on full legal responsibility for the fund.  As Trustees, the members are responsible for the day-to-day operation and administration, including investing the funds assets to provide for future retirement benefits.

SMSF’s are regulated funds which must comply with the Superannuation Industry Supervision (SIS) Act at all times.

ADVANTAGES of SMSFs –

  • control
  • flexibility
  • cost

SMSFs can allow members to –

  • develop an investment strategy which is specific to individual needs, rather than investing via a pooled structure
  • be directly involved in making investment decisions for the fund
  • invest in alternative asset classes not necessarily offered in large funds, such as direct property
  • acquire business real property which can be leased back to a related party, to use in business
  • borrow via a Limited Recourse Borrowing Arrangement (LRBA) to acquire assets such as property
  • combine super balances with other members to increase purchasing power for investing
  • pay benefits in the form of an in-specie lump sum benefit
  • pay benefits in the form of an income stream that is tailored to a member’s personal requirements
  • Trustees can implement death benefit planning strategies tailored to the member’s specific needs & circumstances
  • SMSFs can accept in-specie contributions, that is, contributions into the funds of assets rather than money

At Professional Consultants Group we are trusted professionals with the SMSF industry.  From setting up your SMSF, to accounting, investment advice, insurances and estate planning, we are proud to cater to your every need.  If you believe a Self-Managed Super Fund is the right fit for you, and would like further information or to discuss in detail the points listed above, please contact either Don Ricci (DJ) or Jonathan Signore on 08 83303800.

 

 

 

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Professional Consultants Group Pty trading as PCG Wealth are a Corporate Authorised Representative (CAR ref 320916) of Alliance Wealth Pty Ltd – ABN 93161647007; AFSL 449221)

Matthew Shute (ref 240413) & Don Giovanni Ricci “DJ” (ref 445929) are a sub-authorised representatives of Alliance Wealth Pty Ltd (ref 240413) and provide financial advice in the following areas – Financial Planning, Managed Investments, Superannuation & Retirement Planning, Risk Insurance and Self Managed Superannuation Fund investment advice.  In addition Matthew Shute also provides financial advice in regards Taxation Planning, Estate Planning & Margin Lending.
Your Adviser may offer you services through PCG Wealth and PCG Accounting which are each separate businesses.  Although the same Adviser may offer you services under the above businesses, each business is solely and separately responsible for the advice they each provide. In particular, Alliance Wealth is only responsible for the Financial Planning services for Managed Investments, Risk Insurance, Superannuation & Retirement Planning and Self Managed Superannuation Fund investment advice provided by Matthew Shute & Don G Ricci (DJ).  In addition Taxation Planning, Estate Planning & Margin Lending financial advices provided by Matthew Shute. 

Disclaimer: The information provided on this website has been provided as general advice only and you should consider the appropriateness of the advice.  We have not considered your financial circumstances, needs or objectives and you should seek the assistance of your Alliance Wealth Adviser before you make any decision regarding any products mentioned in this communication.  Whilst all care has been taken in the preparation of this website, no warranty is given in respect of the information provided and accordingly neither Alliance Wealth nor its related entities, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information.

Alliance Wealth Pty Ltd

Email – aw@cpal.com.au

Head Office Tel – 1300557598

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