Preparation for tomorrow…

Not only have Self Managed Superannuation Funds become increasingly popular over more recent years but additionally the legislation applicable to them has been an ever-changing complicated environment.

At Stones Sharp, our team keep abreast of the relevant changes and ensure that we advise the Trustees and Members of the funds appropriately and in a timely manner.

Whether you have an existing Self Managed Superannuation Fund or you are looking to establish one, then it is important you seek the right advice and direction. As a Trustee and Member of the fund, you have specific obligations, reporting and lodgement requirements and responsibilities that you must ensure you are aware of and adhere to.

Establishing a Self Managed Superannuation Fund does not mean that you will be exempt from adhering to the rules and regulations regarding income tax, ATO lodgements and general paperwork that needs to be submitted. You will still need to take into account compliance regulations as well as having the fund audited by a registered third party Auditor. Failure to do so can leave the fund paying significantly more tax than required.

Consulting Stones Sharp will allow you to seek clarification regarding the legislation for self managed super fund advice or assist you with bringing an existing fund compliant with current legislation.

Ensure you have future assets

With a Self Managed Superannuation Fund, there are numerous options available to the Trustees when it comes to choosing what investments to consider. With such an overwhelming choice it is important that the Trustees seek the right advice on behalf of the Members. Whilst Stones Sharp are not Financial Planners we can direct you to the right one for you to ensure that consideration is given to investments, tax minimisation, insurances, beneficiaries, death nominations and all other spects regarding Self Managed Superannuation funds.

We recommend you contact Stones Sharp before starting up your Self Managed Superannuation Fund so we can assist you with the relevant forms and paperwork required including obtaining trust deeds and the necessary TFN and ABN numbers, establishing a bank account, preparing annual financial statements and income tax return and liaising with our external Auditor and any external Financial Planners. Contact us for Self Managed Superannuation Funds Planning & Advice Melbourne.

Very helpful and patient with clients who are less than comfortable with accounting requirements, would recommend Shane and Stones Sharp to anyone looking for good financial knowledge, systems and advice.

KarenStones Sharp Client

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