Self Managed Super Fund

Why set up a Self Managed Super Fund (SMSF)?

Control

SMSF assets are totally under the control of the Trustees. The Trustees are responsible for taking all decisions on where to invest the assets, whether it be in investment property, equities, a managed fund or term deposit. In other words, control lies in the hands of those who actually put up the money – the Trustees.

Low Tax

At fifteen per cent, SMSFs have one of the lowest tax rates of any entity in Australia. The great thing is that the SMSF tax rate can be reduced even further by offsetting other tax credits. SMSFs are allowed to control exactly when assets are disposed of. Therefore, if an SMSF acquires an asset today and it appreciates by xxx% by the time its members retire, it can be rolled over to an allocated or complying pension fund and there will be 0% tax to pay on the realised capital gain of the asset in question.

Low Cost set-up

Harris Fraser (Australia) provides a low-cost set-up service to make it easy for you to start a SMSF. We even tell you how to do it all yourself, and charge a facilitation fee of $799 to assist you if you want us to set it up for you, and this includes the Trust documentation (but excludes the financial advice).

Low Fees

An SMSF with Harris Fraser (Australia) provides you with an extremely competitive fixed-fee structure with certainty on the costs of operating your Fund. These are outlined on the “What does it cost section.”

Asset Protection

In the unfortunate event of bankruptcy, assets belonging to SMSF members are generally protected from creditors.

Retirement Income Control

An SMSF provides the highest level of flexibility and control over the distribution of benefits in retirement, whether you wish to take your superannuation benefits in one lump sum, continue to invest, or receive it as a pension, it’s entirely up to you.

Pool Together Family Members’ Superannuation

Designed for a Trusteeship of four or less, SMSFs are a great option for a family of a husband, wife and two adult children who wish to pool their superannuation together and buy an investment assets including investment or business real property.