The legal stuff
You won’t need a legal degree to set up your self managed super fund – we’ll do all the hard work for you so you can focus on investing your money, your way.
What do I need to do to make sure my self managed super fund is compliant?
EACH YEAR, SMSF WIZARD WILL TAKE CARE OF YOUR FUND’S:
- Tax return
- Financial statements
- SIS Act and Financial Statement Audit
- Annual Trustee meeting and minutes of this meeting when making decisions for the fund
You’ll need to ensure your records are up to date & that the trustees are making informed decisions to benefit fund.
EACH YEAR, SMSF WIZARD WILL TAKE CARE OF YOUR FUND’S:
- Update your investment strategy documentation
- Keep minutes of decisions made by the fund
- Ensure the fund has not breached any income tax or superannuation rules
- Keep the funds assets valued at their market value annually on the financial statements
While it sounds like a lot, we’ll help you keep track of all the documents you need. Our real-time app shows you where your money is at all times, and we’ll will make sure you’re complying with all of the rules. All you’ll have to think about is where you’ll be investing, and how you’ll be setting yourself up for retirement.
Will I be insured?
You can hold all of the same insurances you would in a publicly managed fund. That means income protection, life insurance and TPD insurance are all still available to you. Just let us know what you’d like when we’re setting up your fund.
Can I pass my super to my family when I pass away?
You can. Just like any other asset, you can leave what’s inside your self managed super fund to your family via a binding death nomination. You can also have your Will deal with the distribution of your assets once you pass.