Self Managed Superannuation Funds

Superannuation is an integral part of planning for your retirement. Self-Managed Superannuation is available for anyone and enables you to control your investment strategy, reduce tax while obtaining tax benefits, and control administration costs. At Stewart, Tracy & Mylon, we have a specialised division of experts available to assist you in the following areas of superannuation compliance and planning:

  • Setting up Self Managed Superannuation Funds

  • Statutory Reporting
  • Auditing of Self Managed Superannuation Funds
  • Administration Systems

 

Some of the main benefits of having a Self Managed Superannuation Fund are:

  • Freedom of investment choice – you decide how and where to invest your superannuation funds for the best returns. This can unlock the door to investment options not currently available in managed funds, such as property, fixed interest, direct shares, wholesale managed funds, and alternative investments.
  • Maximum tax payable on contributions and earnings is 15%.
  • Imputation credits on dividends received can reduce the overall tax to be paid, and excess credits are refundable.
  • SMSF can invest up to 100% in business real property (family business premises owned by members).
  • Earnings in the pension phase are not taxable.
  • On retirement, assets can be rolled over into the pension phase and any capital gains on these assets will have no tax payable.

 

At Stewart, Tracy & Mylon we can provide the professional advice you need to set up your own fund. We can work with you to determine your retirement requirements and how a SMSF can benefit you in achieving these requirements tax effectively and help you manage the compliance aspect, greatly simplifying the process for you.