Most things in life benefit from some planning. Resolving to do these simple actions will help your SMSF run smoothly and could even boost its performance.
As SMSFs are now able to have six members instead of four, here’s a refresher on the process involved in increasing your fund’s membership.
At the start of each year we put together a calendar to help you keep on top of your SMSF to-do list for the next 12 months.
Just because you’ve chosen a DIY fund, doesn’t mean you have to do everything yourself. But if you choose to do most of the work, there are legal hoops to comply with.
Before you set out on your SMSF journey, you will need a road map known as a trust deed.
An annual audit is one of the necessary chores associated with running an SMSF, but it can save trustees from inadvertent and costly breaches of the rules.
If you’re new to SMSFs then you may also be new to minute-taking. If so, we request a minute of your time to guide you through the process.
Like everything to do with SMSFs, there are rules and processes to follow when the time comes to call it a day.
SMSFs have many attractions but keeping up with the admin is not one of them. Here’s what you need to know to stay on the right side of the law.
All SMSFs will need to be wound up one day, so it pays to be aware of the costs from the outset.
When planning who gets what when you die, many people forget about their SMSF. It’s not just about the distribution of fund assets, but who’s in control.
If you’re prepared to do a lot of the grunt work yourself, running your own super fund need not be costly.
Running an SMSF can sound appealing when you start out, but as the years pass there are many reasons you may want out. So, what are the alternatives?
Running your own self-managed super fund has many benefits. But unless you have a high degree of SMSF and investment knowledge, as well as plenty of time available to manage your fund, you’re likely to need some professional help. Here we look at the factors you’ll need to consider before you choose a provider.
Legislation is soon expected to pass that will enable larger SMSFs. Are you thinking about adding members? Let us know in our poll.