Experience Effortless SMSF Setup

Thinking of taking charge of your superannuation fund? Would you like to manage it yourself? SMSF Setup isn’t exactly a walk in the park and you may be worried about all the associated processes and requirements.

Well, let DKY take care of it and you won’t have to worry about the administration and ensuring the fund is compliant.

What is an SMSF?

Think of an SMSF as a do-it-yourself superannuation fund. Like most DIY projects, you’re in charge of every aspect of the fund, and mostly, you and other fund members fly solo. Members of SMSF are usually trustees. As a trustee of the SMSF, you have the flexibility of choosing your investment strategy. The trustees are ultimately responsible for the management of the fund.

Now imagine what if you have a trusted accountant who takes care of all these so you can fully focus on your investment strategy to grow your SMSF. Well, that when we step in and help you with everything from SMSF Setup to transitioning to retirement.

Setting up an SMSF

Having an SMSF can be a rewarding experience both personally & financially, provided your funds are set up correctly from the start.

Here are 7 Vital steps for SMSF setup.

Deciding whether to have an individual or corporate trustee.
Building the trust & trust deed.
Checking if your fund is an Australian super fund
Registering the SMSF and getting an ABN.
Setting up an SMSF Bank account.
Arranging the electronic service address.
Preparing an exit strategy.

The key benefit with having your setup completed by DKY is that you will receive expert advice from the beginning, thus avoiding mistakes that show up in the long run and saving you time and money.

Benefits You Enjoy With Us

Why choose us over tons of SMSF accountants available?

You get the best-suited advice according to your requirements with no personal bias. In fact, we find ourselves regularly informing our clients that they should reconsider having an SMSF due to their lack of experience in investing or other reasons.

On average, SMSF’s don’t beat APRA-regulated funds.

Our experts ensure you get personalised guidance according to your situation & needs

You enjoy the flexibility of choosing your SMSF investment strategy and let us take care of compliance & obligations.

Did you know?

No chances of error or omissions. Our experts have over 15 years of experience in dealing with SMSFs. It is our daily bread and butter – not just a side hustle..

Our fees are transparent and fair without compromising on quality. In fact, our fees are some of the lowest in the industry because we believe in a win-win solution for us and our clients.

Easy SMSF Setup

^{From $}900 ^{exc. GST}

Commonly Asked Questions

What Are The Pros Of SMSF Setup?

Benefits of SMSF Setup-

Investment Choice- SMSF provides a wide range of investment options. You can invest in various options available like direct shares, high-yielding cash accounts, term deposits, income investments, properties, unlisted assets, international markets, collectibles, and much more.
Tax Strategies- Similar to other super funds, SMSF provides concessional tax rates. In the accumulation phase, a 15% tax applies to investment whereas, In the pension phase, there is no tax payable, not even capital gains tax up to the transfer balance cap which, is $1.6 Million per member. SMSF can help you grow your savings and lower your tax expenses.
Flexibility- SMSF allows multiple members to run a blend of accumulation & pension accounts. You can change your investment strategy to manage your risk profile according to your requirements.
Transparency- SMSFs provides you significant flexibility allowing trustees to align their personal goal with investment decisions. SMSF offers you a platform to monitor where you have invested your money with complete visibility over performance and tax treatment.
Superannuation Assets- Trustees of an SMSF can combine their superannuation assets with up to four other members, including partners, family members, or others. It can create a larger fund balance, which increases the fund’s assets and investment opportunities under a single fee structure.

What Are Cons Of SMSF Setup?

Although SMSF has a lot of benefits, it’s not suitable for everyone. Here are the cons of having SMSF.

Cost Associated With SMSF- Managing expense of SMSF varies with the type of SMSF structure, investments, and complexity of transactions in the fund. You can expect to pay for Setting up the SMSF, getting SMSF advice, and SMSF Compliance costs. The trustee needs to lodge an SMSF annual return, organize an audit, and pay ATO fees annually. But you don’t need to worry about all these because our compliance services include the Annual SMSF Tax Return, SMSF Audit, and ATO fees.
Time-Consuming- Researching & planning investment strategy is often a time-consuming process. Running SMSF requires continuous engagement since you have to monitor investment performance and make changes accordingly.
Financial & Legal Brainstorming- SMSF involves financial processes like planning & monitoring your investments and multiple legal rules like tax filing, organize an audit, and pay ATO fees annually.

Who Can Be a Member Of SMSF?

SMSFs can have up to four members. To be eligible to become a member of an SMSF, the member must consent to become a trustee and be eligible to accept their responsibilities by signing a trustee declaration. To be eligible, SMSF members cannot:

⦁ Be currently bankrupt under administration;

⦁ Be previously disqualified as an SMSF trustee by a court, the ATO or APRA;

⦁ Have been convicted of a dishonest offense in any state, territory, or foreign country.

Want to go ahead with SMSF Setup? Take the first step.

Book a free initial consultation today!

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