Control Your SMSF with Help from Our Superannuation Accountants in Melbourne
Your retirement is our business, and we strive to manage your superannuation fund enabling you to enjoy retirement to the fullest. We are a family-run, full-service accounting firm focused on personalised service to benefit your small business and personal finances. Our superior customer service includes flexible appointment schedules and clear, concise explanations, so you are well informed. If you want to benefit the most from your money, let our superannuation accountants in Melbourne advise you.
The Basics of Superannuation
Superannuation, commonly known as super, is a long-term saving plan to be accessed and used during your retirement. You contribute to the fund throughout your working life, and upon retirement age and exit from the workforce, you have an income to maintain your standard of living. Often your employer provides a percentage, and your spouse can donate as well. Your super fund can be transferred to beneficiaries upon death or can be withdrawn early in cases of disability which prevents you from working.
Super funds grow through contributions and investments which are made with the money in your account. You choose which types of investments you want to make. For example, you may decide to invest in property, shares, have a fixed rate of return or a combination. We can help you make investment choices aligned with your retirement goals.
Different types of super funds exist such as employer, personal, industry, and self-managed. Corporations or employers set up employer funds for their staff while industry funds benefit types of employees instead of employees at a particular business. For example, healthcare workers can have an industry fund despite where they are employed. Personal funds involve an individual and afford more control than group funds. An SMSF or Self-Managed Superannuation Fund is a private fund which includes up to 4 members who are trustees.
SMSF Accountant Services in Melbourne
Even though as a trustee you are responsible for all decisions made for the SMSF, an accountant can help you decide if it is right for you, assist with the administration and advise you on investment options. Some of the SMSF accountant services we provide include set-up and management, tax returns and annual reporting, and the establishment of corporate trustees. We utilise tax-free benefits to minimise the income tax as well.
Our SMSF accountant services are personalised for your needs so we can be as involved as necessary. For example, the SMSF accountant can have view-only access so she can advise, but you stay in complete control. You can hand over more management by giving your advisor withdrawal access to shuffle money. Full access gives your SMSF accountant the ability to do anything necessary within the account.
If you have questions about your superannuation fund or if you want to discuss whether an SMSF is right for you; our experienced superannuation accountants wish to help. Contact Julie Redmond – Accounting & Taxation Services and a qualified SMSF accountant in Melbourne will get you on the right track to have your money working for you.
Liability limited by a scheme approved under Professional Standards Legislation.