Services
SMSF Setup
Setting the Foundation for Your Financial Freedom
Our SMSF setup service is designed to make the process of establishing your self-managed super fund as seamless as possible. We handle all the necessary paperwork, including obtaining your fund's Australian Business Number (ABN) and Tax File Number (TFN), creating trust deeds, and setting up your fund's bank account. With our assistance, you can start your SMSF journey with confidence, knowing that the foundation is solidly laid.
Trustee Education
Empowering You with Knowledge
Understanding your responsibilities as an SMSF trustee is essential for effective fund management and compliance. Our trustee education services provide you with the knowledge and insights you need to navigate the complexities of SMSF governance. We offer resources, workshops, and guidance to ensure that you have a clear understanding of your role and obligations as an SMSF trustee.
Ongoing SMSF Administration
Effortless Fund Management
Managing the administrative aspects of your SMSF can be time-consuming and complex. Our SMSF administration services take the burden off your shoulders. We handle financial reporting, taxation compliance, record-keeping, and more, ensuring that your fund remains compliant with the latest regulatory requirements while you focus on your investments.
F.A.Q.
Frequently asked questions (FAQs) related to SMSF services on Candor Holdings
An SMSF, or Self Managed Super Fund, is a private superannuation fund that allows members to manage their own retirement savings. To establish an SMSF, you must be at least 18 years old, and the fund can have up to four members. All members must also be trustees (or directors of a corporate trustee) of the fund. Additionally, SMSFs must comply with the rules and regulations set by the Australian Taxation Office (ATO).
SMSFs offer several advantages, including greater control over your investments, flexibility in choosing asset classes, and the ability to tailor your investment strategy to your specific financial goals. You can also invest in a wider range of assets, including direct property and shares. SMSFs can provide tax advantages and the potential for reduced fees compared to other superannuation options.
As SMSF trustees, you have various responsibilities, including managing the fund’s investments, ensuring compliance with superannuation laws, keeping accurate records, and preparing financial statements and tax returns. You must also develop and regularly review the fund’s investment strategy, considering diversification, risk, and liquidity.
Yes, you can invest in property within your SMSF. However, there are strict rules and regulations governing property investments in SMSFs. The property must meet the sole purpose test, which means it must be primarily for the purpose of providing retirement benefits to members. Additionally, you cannot live in or rent the property to a related party. It’s essential to seek professional guidance when considering property investments in your SMSF.
Candor Holdings offers comprehensive compliance management services to ensure your SMSF remains compliant with ATO regulations. Our services include regular audits, assessments, and ongoing monitoring of your fund’s compliance status. We work diligently to help you avoid penalties and maintain the tax advantages associated with your SMSF.