Self Managed Super Funds (SMSF)
A Self-Managed Superannuation Fund (SMSF) is a type of retirement savings vehicle available in Australia, designed to provide financial benefits to its members upon retirement. Unlike traditional superannuation funds managed by financial institutions, an SMSF allows individuals to have direct control over their investment choices and management.
A SMSF member is responsible for complying with all regulatory and legal requirements set by the Australian Taxation Office (ATO). This includes maintaining records, lodging tax returns, and ensuring the investment strategy aligns with the fund's objectives. SMSFs offer flexibility and control but also require a significant commitment in terms of time, financial knowledge, and responsibility to ensure compliance and effective management.
At Glavis Advisory we understand the attraction of a SMSF but also the required compliance and regulation involved, so we offer a full SMSF service from setup through to annual compliance, returns and audit giving you the piece of mind that your SMSF is compliant at all times. SMSF’s are not just for the rich, anyone can have an SMSF, they traditionally allow the ability to invest in more products but also allow members who prefer not to leave their retirement savings too chance, have a greater control.
Self-Managed Superannuation Funds (SMSFs) are a type of retirement savings vehicle in Australia that allows individuals to manage their own investments.
SMSFs offer flexibility and control but require time, financial knowledge, and responsibility to ensure compliance.
Glavis Advisory offers a full SMSF service to help clients manage their funds and remain compliant.