Tax Return for SMSF & Trusts
Expertise in SMSF & Trusts Tax Returns.
How Does SMSF Work?
- An SMSF is established by a trust deed, which sets out the fund’s rules. This is then registered with the Australian Taxation Office (ATO).
- An SMSF can have up to four members. Each member is generally required to be a trustee, ensuring they have direct control over their superannuation investments.
- Trustees are responsible for creating and maintaining an investment strategy tailored to the fund’s objectives and risk appetite. This strategy must be regularly reviewed and updated.
- SMSFs are subject to regulations by the ATO. This includes annual audits, lodging tax returns, and ensuring compliance with superannuation laws.
- SMSFs can provide pension payments or lump sum benefits to members upon retirement or other specific conditions in line with superannuation rules.
What is SMSF?
An SMSF, or Self Managed Super Fund, is a private superannuation fund you manage, distinct from larger funds controlled by superannuation companies. It is designed to provide retirement income for its members and offers greater control over investments, allowing for a tailored approach to wealth management.
