Self Managed Super Funds

There are comprehensive legal requirements for Self Managed Super Funds (SMSF) and that’s why you need the help of an expert. We work with you and your financial adviser or banker to provide fully compliant SMSF documents, to ensure that your SMSF meets legal obligations but is also working to maximise the benefits to you in your retirement.

Whether you’re looking to establish or maintain a Self Managed Super Fund (SMSF), working with our SMSF team will get the job done quickly and efficiently.

Our team ensures that your SMSF and its investments are properly structured, meets your goals, protects your future and delivers the best return on your investment to provide a comfortable retirement.

Building your retirement

Self Managed Super Funds FAQs

As the name implies, a Self-Managed Super Fund (SMSF) (also known as DIY super) is a private super fund that you manage yourself.

All members of an SMSF must also be its trustees. If a fund chooses to have a corporate trustee, each SMSF member must be a director of the company concerned. The company must be registered with the Australian Securities and Investments Commission (ASIC) and each director of that company must also be a member of its corresponding SMSF. An SMSF can currently have up to four trustees/members, although there has been talk about increasing this to six.

An SMSF gives you greater investment flexibility and greater control of your assets and investment decisions which may allow you to better manage the tax effectiveness of your superannuation savings and your estate planning decisions.

An SMSF can borrow money for a short period of time if the amount borrowed is less than 10 per cent of the fund’s total assets or it can borrow to invest by what is known as a limited recourse borrowing arrangement (LRBA).

A limited recourse borrowing arrangement (LRBA) is a financial arrangement which enables an SMSF to purchase property or shares with borrowed money. It is limited recourse because if the trustee defaults on the loan, the lender’s recourse is generally limited to the asset acquired which protects the value of the other assets of the fund. To achieve this the asset acquired must be held on trust until the loan is repaid. A bare trust is established to hold the asset as custodian but the SMSF has full beneficial interest in the asset.

A bare trust is a basic form of trust under which the trustee holds property on behalf of a beneficiary. The trustee has no discretion and no duties other than to transfer the property to the beneficiary when required.

Self Managed Super Funds Knowledge Base

Our Self Managed Super Funds experts

Vesna is an empathetic and caring advisor, and after 12 years working at Robertson Hyetts is a trusted and supportive presence for many clients in Castlemaine. She understands that when someone passes away, dealing with an estate is a stressful situation – it’s never something people want to do, it’s something they must do. Being compassionate, sharing her knowledge and connecting with people while giving them time to work through the process are key to her success as a lawyer.

Vesna Pocuca

, Lawyer & Associate

Trent grew up in Oxley, near Wangaratta, and has practiced law for 16 years. He enjoys the intellectual challenge practicing law provides. Trent’s strengths are his willingness to listen and providing practical solutions in an easy to understand manner.

Trent McGregor

, Lawyer& Associate

Having been raised in Armidale, NSW, Anna loves country living. She has been practicing law for 10 years and has a background in litigation where she prepares documents and structures and determines the best outcomes for her clients by ensuring certainty and clarity from the outset.

Anna Doughan

, Lawyer & Associate

Bendigo Office

386 Hargreaves Street
Bendigo, Victoria 3550
Phone: 03 5434 6666
Fax: 03 5434 6667
Email

Castlemaine Office

157 Barker Street
Castlemaine, Victoria 3450
Phone: 03 5472 1588
Fax: 03 5472 4808
Email

Online Meetings

If you can’t make it to either of our offices, we’re happy to meet with you online to discuss your needs.

Book an online meeting

We acknowledge and extend our appreciation for the Dja Dja Wurrung People, the Traditional Owners of the land that we live and work on, and pay our respects to leaders and Elders past, present and emerging.

© Copyright 2022 Robertson Hyetts

Liability limited by a scheme approved under Professional Standards Legislation.

|

Contact Us

Name
This field is for validation purposes and should be left unchanged.