SMSF Setup & Administration Services

SMSF Setup and Support

SMSFs (or Self Managed Super Funds) allow individuals and corporations to choose how their superannuation is invested with more control and potentially lower fixed fees. SMSFs can have one or multiple members (up to 6) in the case of families.

If you have done your own research and find that an SMSF helps you achieve your financial goals with your circumstances in mind, Verus’ Chartered Accountants can help.
Hiring a Chartered Accountant for your SMSF setup and administration helps you ensure that you meet specific obligations in compliance. So you can avoid any penalties for missing information or misuse, and optimise the way your SMSF is structured to get the most out of it.

Get Started

SMSF Set Up

Pay an affordable one-off fee to get your Self Managed Super Fund set up.

Verus offers this service to both individuals and corporations.

We work with your SMSF financial advisor to prepare and provide all the documentation you need to start taking control of your retirement nest. Your SMSF accountant at Verus will provide documents for –

Trust Deed
Product Disclosure Statements
Investment Strategy
Consents to Act
Applications for ABN and TFN
Membership application
Beneficiary notices
Registration Papers for GST Purposes

Our SMSF accountants in Sydney will also:

Pay the ATO supervisory levy
Appoint an independent SMSF auditor who is licensed by the ASIC
Sign and submit SMSF trustee declarations to the ATO once the fund has been set up.

SMSF Administration Services

Receive ongoing administrative support to update your SMSF when needed, and keep the fund running in compliance with Australian regulatory requirements.

Verus’ SMSF accountants in Sydney give our clientele support to:

Maintain general and financial fund records
Provide event-based reporting
Value SMSF assets at market value
Update an existing SMSF trust
Add on a new SMSF Trustee (such as a spouse or child)
Lodge your SMSF’s annual tax returns

Benefits of an SMSF

In addition to SMSF set up and administration services, Verus Accountants offers a range of accounting services for businesses and individuals in Sydney.

Greater flexibility with tax

SMSFs that comply with superannuation legislation are usually entitled to have member contributions and fund earnings taxed at the concessional superannuation rate of 15% in Australia.

Estate planning

Compared to other public funds, SMSFs provide flexibility with member death benefits. An SMSF can help you ensure that your death benefits are paid to a dependent as a pension instead of a lump sum, allowing the fund to continue to run.

Greater control over investments

Opening an SMSF isn’t for everybody. However, for those who desire to take full control of how their super is invested and managed, it can provide a greater level of freedom to quickly respond to changes in the market and cut out management fees.

Book a Free Consultation Today!