Superannuation

Superannuation

Superannuation


As the Government encourages Australians to take responsibility for and reach their financial retirement goals, citizens are repeatedly required to deal with superannuation funds. Self-managed superannuation is a means of saving for retirement. It enables you to control your investment strategy, reduce tax while obtaining tax benefits, and control administration costs. 


Superannuation law is a delicate area and personalised planning is required for each individual. The team at Emerson Randell Young are superannuation experts who can assist in establishing a superannuation fund that will effectively enable you to reach your financial retirement goals. 


Services we offer include: 


  • Establishing self-managed superannuation funds
  • Preparation of annual statutory accounts and income tax return 
  • Superannuation audits
  • Advice on compliance matters
  • Advice on taxation benefits
  • Advice on employer obligations


Self-managed Superannuation Funds


There are several trust laws and legislative requirements for setting up a self-managed superannuation fund (SMSF). Typically you need to: 


  • Obtain a trust deed
  • Appoint trustees
  • Sign a trustee declaration (NAT 71089)
  • Elect to become a regulated fund
  • Obtain a tax file number (TFN)
  • Obtain an Australian business number (ABN) 


At ERY we provide the professional advice you need to set up your own fund and greatly simplify the process for you.


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