SMSF
Self Managed Super Funds are, as the name denotes, funds managed by up to 4 members. SMSFs can be used to purchase a huge range investments, such as property, and can make a huge impact on your future finance if managed properly.
Our agents, your advantage
Setting up a SMSF is no easy task and involves a complex criteria and administration process. It is wise to appoint a professional when considering doing so. Citywide are licensed to advise, provide and assist in setting up your SMSF, in addition to helping with administration work and advising you on the best investment decision. By appointing Citywide, we assist you in weighing up your options, setting up your trust deed, ensuring legal compliance, and registering your trust fund. With our expertise, skill and knowledge, you can trust us with your trust fund.
SMSF and Law Reform
More than often, superannuation in Australia undergoes constant law reform. Ensuring that your SMSF remains compliant, you must invest in skilled personnel, knowledgeable of the law and its ongoing changes. Superannuation laws continue to change and, as of 1 July, 2017, the most significant changes in over a decade were announced as a result of the 2016 Federal Budget.
Despite these changes, one things remains consistent. As a Trustee of a SMSF you must consistently meet the highest level of compliance with the law. This includes keeping your Superannuation Fund Trust Deed up to date. In fact, since 2007, all Trustees of a SMSF have been required to sign a declaration ensuring that their Trust Deed remains current. Failure to comply with this may incur scrutiny from the ATO and, potentially, a hefty fine.
Citywide consider it prudent to ensure that all superannuation changes and requirements are captured, ensuring total compliance with Australian legislation. Although law may change, choosing Citywide would mean that no action is required by you; trust in us to arrange the complete process of a SMSF for you.
