At Insight Accounting we are in a position to offer very comprehensive advice in relation to Self Managed Superannuation funds (SMSF) because you can utilise the skills and knowledge of both accountants and financial advisors within the one organisation.
Like other superannuation funds, SMSFs are a way of saving for your retirement. The difference between an SMSF and other types of funds is that, generally, the members of an SMSF are also the trustees. This means the members of the SMSF run it for their own benefit. A SMSF can have between one to six members.
There are various benefits that lead to people deciding to set up a SMSF and they mainly revolve around having more flexibility and control over how their money is invested. The ability to borrow and purchase property both commercial and residential is another perceived advantage that has led to huge growth in this area.
SMSFs are not suitable for everybody and for this reason it is essential that you contact Insight Accounting to get professional advice before deciding to set one up.
We provide services for:
- SMSF – Set-up, Trustees Fund Administration
- Superannuation Tax Preparation
- Preparation of Financial Reports
- Superannuation Audits
- Superannuation Valuations
- Superannuation Tax Planning
Unsure of what income and expenses you should bring in for your appointment?
Please feel free to refer to our Superfund Checklist.