Self Managed Superannuation Funds

Superannuation

Superannuation is a means of saving for retirement. Superannuation law is complex and requires expert knowledge. We have experience and can assist with various aspects of self managed superannuation. 

Services we offer include:

• Establishing self-managed superannuation funds
• SMSF Deed Updates & changes
• SMSF audits
• Advice on compliance matters
• Advice on taxation benefits

Establishing Self-Managed Superannuation Funds

There are several trust laws and legislative requirements for setting up a self-managed superannuation fund (SMSF). Typically you need to:

• Obtain a trust deed
• Appoint trustees
• Sign a trustee declaration (NAT 71089)
• Elect to become a regulated fund
• Obtain a tax file number (TFN)
• Obtain an Australian business number (ABN)

We provide the professional advice you need to understand the practical steps to establish a SMSF.

Annual Tax Compliance, Financials and Income Tax Return

Every financial year a Self Managed Superannuation Fund is required to lodge an annual return with the Australian Taxation Office that has been independently audited to ensure the fund is compliant. As the Annual Return is more than just a simple Income Tax Return, we will assist in preparing all your annual compliance documents to ensure all regulatory requirements are met.

SMSF Deed Updates & Changes

Has your SMSF Deed been reviewed and updated in recent years? 

With the laws regulating Self Managed Superannuation Funds changing regularly it is important that your Self Managed Super Fund deed is kept up to date to ensure it remains compliant. At KWA we have partnered with SUPERCentral, who provide a cost-effective, compliance-focused SMSF system built off governing rules that are reviewed and updated every 6 months, ensuring that your SMSF remains up to date and compliant.

We can also assist with other services such as Limited Recourse Borrowing documentation, Change of Trustees and members to name a few. To discuss your current SMSF Deed and Structure get in touch today to see how we can assist.

Self Managed Super Fund Audit

Anyone who runs a Self-Managed Superannuation Fund (SMSF) must ensure that a registered SMSF auditor conducts an audit on the accounts by examining the validity and accuracy of an SMSF's financial records and making sure that the fund is compliant with superannuation rules.

Our network of proven and independent qualified auditors can assist with the mandatory Audit requirements of your SMSF.

It is important to note that there are specific rules around the relationship between the auditor and accountant processing the SMSF, so please ensure you contact KWA to discuss your SMSF audit needs with our own in house SMSF auditor.