How Does an SMSF work?
A self managed super fund allows you to have up to four members, All of which are trustees of the fund. Each member is personally liable for the decisions made by the fund. The biggest advantage of a SMSF is the level of control that trustees have when it comes to tailoring the fund to meet their individual needs.
Thinking Of Setting Up a SMSF?
So are you thinking of setting up a SMSF but don’t know where to start? We understand that you’re busy and SMSF rules and regulations can be confusing and difficult. As a highly respected SMSF Accountant in Melbourne, Scott Partners can provide you with assistance in establishing your SMSF that is well managed, compliant and results driven. With a managed superannuation fund, We give you control over your investment decisions that will secure your future upon retirement. As part of our service, we will arrange for an external audit as well as actuarial pension calculations if required.
THE CLIENT’S PROBLEM: Starting a demolish & sub-divide project with no knowledge of the tax consequences.
THE SCOTT PARTNERS SOLUTION: Personal advice and a detailed report helped the client to understand asset protection and structuring and was supported with comprehensive scenario analysis to prepare them for possible outcomes.
“We were thrilled with the service at Scott Partners. We now understand the most tax- effective and efficient strategies to use, as well as asset protection for our situation. By gaining advice prior to purchasing, we have the potential to save up to $280,000 due to their tax planning.”