Take Control of Your Financial Freedom With Self Managed Super Funds
When it comes to superannuation and self managed super funds, it is critical to ensure your retirement is planned for and your investment is secure. With compulsory super contributions enforced by the Australian Government, there is now a need to direct your investment into a fund that will grow your contributions and protect your money in these uncertain economic times.
Wellings & Associates are experienced in assisting client’s with self-managed super fund to allow total control of your superannuation contributions and complete management of every dollar of your investment. With superannuation becoming the second largest asset of Australians after property investments, it is important to discover the best investment opportunities and market available to grow your super contributions.
When planning self managed super funds, Wellings & Associates professionals always start with the client and their retirement. We seek to understand your retirement plans, current income and superannuation contribution, and super fund objectives. Your financial planner will work to calculate the amount of super you will require to support you and your family during your retirement so that you are not left working well past retirement age in order to maintain your lifestyle.
It is important to understand there are a number of legal regulations and restrictions regarding self-managed super that must be adhered to. These include:
- Establishment of a trust for each member of the fund;
- Registration of the superannuation entity with the ATO;
- Establishment of approved super bank accounts for the fund;
- Rollover of contributions in registered funds;
- Annual Submission of fund’s investment strategy;
- Annual Submission of income tax return;
- Independent audit of fund
Your Wellings & Associates financial advisor is equipped to provide advice on the best way to manage self managed superannuation funds to ensure maximum yield and growth. We are experienced in formulating investment strategies that meet your financial goals whilst adhering to the investment methods and regulations of the ATO. Furthermore, our professionals will assist you in preparing for the regular independent audits that are commissioned by the ATO to ensure your fund is performing professionally within the ATO guidelines.
Whilst the ability to manage and plan your own retirement fund my seem lucrative, mismanagement of the fund can result in thousands of dollars in fines or the loss of your self managed super fund registration.
So don’t delay and take control of your superannuation today with the help of a qualified financial planner from Wellings & Associates. Let our team discuss your retirement plans, contributions and investment strategies and make your money work for you and your future.
