Self-Managed Superannuation Funds
Enjoy the benefits of control and choice - reduce complexity
and concerns.
The taxation features of owning investments within
superannuation are very attractive. A Self-managed
Superannuation Fund (SMSF) is the chosen investment vehicle for
many people. There are over 300,000 of these funds in Australia
today and their popularity continues to grow.
Self-managed Superannuation Funds are typically family or
one-member funds set up by people who want a more hands-on approach
to running their super fund. They provide increased control and
flexibility over the investment decisions.
What are the advantages of SMSFs?
Appealing aspects of having your own SMSF include:
- Maintaining closer control over your investments (subject to
relevant legislation and the provisions of the Fund’s trust
deed)
- Enjoying wider choice of investments
- Greater flexibility in structuring your fund
As well, there is often the potential for worthwhile savings in
administration costs compared with standard retail offerings.
While the benefits are attractive, the complexity associated
with managing a fund of your own is often a concern. A SMSF does
require detailed record-keeping and strict attention to complying
with the regulations. Most people choose to outsource the
day-to-day administration of their SMSF.
The Pentad Group has a dedicated team which offers a SMSF
administration service. This service provides a comprehensive level
of assistance in order to deliver the benefits of having your own
SMSF without the concerns.
How does this work?
The Pentad Group works, together with a range of professionals,
to provide the services required to establish, manage and maintain
the statutory accounting and compliance records of your fund.
The full administration service covers Pentad acting as the
mailhouse, that is:
- Pentad acting as the initial contact point for all
correspondence
- Recording all relevant entries for your accounts
- Preparing the necessary accounts and trustee minutes
- Arrangement of preparation and lodgement of the fund's Annual
Return to the Tax Office
- Arrangement of the fund's annual audit
In addition, Pentad forwards to trustees confirmation of
investment transactions such as purchases and sales of shares,
redemptions of managed funds and provides assistance with queries
regarding the fund’s obligations and administration of
investments.
Should the fund be in pension phase, Pentad also
co-ordinates the actuarial and taxation requirements.
Fees for the service?
Pentad’s fees for SMSF administration are based on the
size and complexity of the fund. An estimate will be provided
on an individual basis. Further details of the fee structure are
contained in our Financial
Services Guide
Contact us today on (03) 9813-0133 to find out more about
Self-managed Superannuation and how Pentad can help you achieve
your financial goals. | 
