A Self Managed Super Fund (SMSF) gives you greater control over your retirement savings, but with that control comes significant responsibility. Unlike traditional superannuation funds, SMSFs are run by their members, who also act as trustees. This means you make the investment decisions and are legally responsible for complying with super and tax laws.
SMSFs can be a powerful tool for building wealth, but they’re not suitable for everyone. With the right planning, an SMSF can:
Give you greater control over how your super is invested.
Allow investment in assets not typically available through retail or industry funds.
Provide flexibility with tax and retirement planning strategies.
Offer opportunities for business owners (e.g. owning business premises within an SMSF).
Fund Setup – establish your SMSF with the right structure from the start.
Trustee Obligations – understand your legal duties under superannuation and tax law.
Contributions & Caps – manage concessional and non-concessional contributions effectively.
Investment Strategy – create a compliant, diversified strategy tailored to your goals.
Administration & Reporting – handle tax returns, financial statements, and ATO lodgements.
SMSF Audits – prepare for and manage the mandatory annual independent audit.
Tax Efficiency – structure investments to minimise tax and maximise retirement outcomes.
Our SMSF specialists work with you at every stage, whether you’re deciding if an SMSF is right for you or already managing one. We help you:
Assess whether an SMSF suits your financial situation and goals.
Set up your fund correctly in line with ATO requirements.
Stay compliant with contribution caps, investment restrictions, and reporting rules.
Develop strategies to grow and protect your retirement savings.
Navigate complex issues such as capital gains tax, pensions, and estate planning.
No — SMSFs can be effective for people with larger balances and the time or support to manage them, but they’re not always the best option for everyone.
No — funds must only be used for the sole purpose of providing retirement benefits. Personal use of SMSF assets is illegal.
Trustees are personally responsible for ensuring the fund complies with all superannuation and tax laws. Penalties apply for breaches.
Yes — every SMSF must be independently audited each year.
Yes, including business premises, provided it complies with ATO rules. Residential property is tightly regulated.
Comprehensive Services by Wilkes Chartered Accountants
Wilkes offer a wide range of specialised services tailored to the needs of individuals and businesses. Whether it’s taxation, corporate compliance, retirement planning, wealth creation, or business growth strategies, our team brings depth of knowledge and practical experience to every client relationship. By investing in ongoing professional development, we ensure our advice is always current, effective, and of the highest standard.