SMSF Administration Services
With the invaluable expertise and advice of an experienced accounting professional, getting your SMSF setup can be relatively straightforward. If you are ready to establish your SMSF, Verus Accountants & Advisors can assist you in your SMSF administration process and other superannuation services for you.
How does an SMSF Setup Work
An SMSF Specialist working alongside a financial advisor can help manage your SMSF by making investment decisions that are beneficial to you. All SMSFs setups are legally required to have a document investment strategy, which guides trustee decision making and satisfies the sole purpose test. When developing an SMSF investment strategy, consider the following factors:
- The individual characteristics of fund members, eg. age, current financial situation, and risk profile.
- The benefits of expanding the fund’s investments to reduce financial risk. Investment options include fixed interest products, shares, and real estate.
- How quickly assets can be converted to cash to pay future member benefits.
- Current insurance needs to ensure appropriate coverage is arranged.