Self-Managed Super Funds
Maximise control over your retirement savings with self-managed super funds (SMSFs), empowering you to make strategic investment decisions tailored to your financial goals.
An SMSF is a personal or family superannuation fund that is managed by the members of the fund, who are also the trustees. They can tailor their own investment strategies and select specific assets such as listed securities, managed investments, cash and term deposits, international equities, instalment warrants and so on. Generally, an SMSF has a personal or family super fund with no more than 6 members; each member of the fund is a trustee; no member of the fund is an employee of another member of the fund, unless those members are related; no trustee of the fund receives remuneration for his or her services as a trustee and the SMSF must have a written Trust Deed and Investment Strategy that meets all members' objectives.
Morgans offers a variety of services for SMSFs, including structure, setup, advice, rollovers, investments, administration and compliance. We have investment advisers who specialise in superannuation and a technical research team that provides updates and support on the latest in superannuation developments.
How does it work?
Our solutions
Our Wealth+ SMSF solution is an all-encompassing portfolio administration and SMSF administration service that allows you to take advantage of the flexibility and control of an SMSF, but outsource the work involved in establishing and running your fund.
Clients and their accountants can benefit from our Wealth+ Managed Portfolio Service, which is a reporting facility that we offer for portfolio administration. This service makes investing easier by collecting and recording all investment information/documentation, however SMSF trustees will need to arrange annual administration of the SMSF using an accountant or administrator.
Our SMSF administration only service provides fund administration without the portfolio administration. Please contact us or your Morgans adviser to find out more.
SMSF advantages
There is no doubt there are advantages to SMSFs, including greater investment choice – direct and indirect investing; greater control over investment strategies; access to investment gearing opportunities not available in retail super funds; cost effectiveness over the long term; offers preferable tax arrangements and allows you to look after your family.
Getting started
Morgans recognises that effective wealth management is crucial for asset growth and financial freedom. Our experienced advisers will navigate you through the wealth management process, assisting in setting short and long-term goals and implementing strategies.
It costs money to set up and run an SMSF. You might find that the fees you pay for an SMSF are more than you would pay in another type of super fund. In many cases, setting up an SMSF with a starting balance of $200,000 or below is unlikely to be the best superannuation option for you.
Setting up
When opting for an SMSF, the establishment process can be straightforward with guidance from specialised professionals like financial advisers and accountants. Key procedures include obtaining a Trust Deed, appointing trustees, opting for ATO regulation, member identification, securing necessary tax registrations, devising an investment strategy, opening a bank account, arranging wealth protection, and transferring existing super accounts. Streamline your SMSF setup with expert assistance from our Morgans’ advisers.
Morgans can handle the admin for you.
Successful investment management requires constant attention and adaptability. With a focus on flexibility and control, our comprehensive administration and investment reporting service streamlines the establishment and operation of your SMSF. Simplify investment administration with our reporting facility, making it easier for clients and accountants. Opt for our SMSF administration-only service for fund administration without portfolio management.
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