Self Managed Superannuation Funds

Self Managed Superannuation Funds (SMSFs) have become increasingly popular and may be a perfect solution to manage your retirement however they may not be for everyone therefore it is important to obtain advice to make sure it is right for you. So before you embark down this path, you should be aware of the advantages and disadvantages of establishing an SMSF.

From 1 July 2016, any financial advice, including advice relating to self managed superannuation funds and their establishment, will need to be provided by an adviser who holds an Australian Financial Services Licence (AFSL) or operate under an AFSL.

Pears Wealth Advisors Pty Ltd operates under an AFSL and is able to provide specialised SMSF advice including:

  • How and why you might establish an SMSF or wind down an SMSF
  • Cost involved in setting up an SMSF
  • Advice on the role and responsibilities of SMSF trustees and members
  • Rollovers, contribution and pension strategies for the funds
  • Borrowing for SMSF's, the rules and regulations as well as the finance arrangements (LRBA)
  • Contribution strategies
  • Transition to retirement strategies
  • Account based pension strategies
  • SMSF strategies

As a trustee you need to make sure that you are operating your SMSF within the law. If this is not adhered to, your SMSF may face severe penalties which also may have serious tax consequences.

Pears Chartered Accountants can help you keep your SMSF compliant by offering the following administrative services:

  • Preparing SMSF financial statements and tax returns
  • Tracking member account balances and components
  • Organising the annual independent audit and liaising with the auditor
  • Track and maintain investment valuations and CGT records
  • Monitor and track contributions and pensions made to/from your SMSF
  • Monitor compliance of your SMSF with relevant legislation
  • Lodgement the SMSF annual return
  • Superannuation Audits
  • Advice on taxation benefits

We at Pears Wealth Advisors Pty Ltd and Pears Chartered Accountants can take care of all your SMSF advisory, administration and accounting requirements efficiently and effectively.

Please note that Merit Wealth Pty Ltd do not endorse nor take responsibility for any taxation and accounting services given by Pears Chartered Accountants.

Self Managed Superannuation Fund Establishment & Advice

It is important that you consider all aspects when it comes to making decisions regarding your retirement savings.

From 1 July 2016, all accountants wanting to provide financial advice including advice relating to SMSF need to hold an AFSL or operate under an AFSL. This means any financial advice provided to trustee must be provided by someone that holds an AFSL, if an accountant does not hold an AFSL then they cannot give any information or advice on establishing or not establishing an SMSF regardless of whether it's in their client's best interest.

Pears Wealth Advisors Pty Ltd have partnered with Merit Wealth Pty Ltd to ensure we are able to continue providing SMSF advice to our existing clients or potential new clients. Merit Wealth was established in 2010 to assist accountants and financial advisers to provide a holistic financial solution to clients.  

Should we meet with you to discuss your SMSF needs, we will be required to provide you with a Financial Services Guide outlining our practices and limitations. Should you require additional financial advice beyond our scope, or advice on insurance coverage, we will be happy to refer you to a professional at one of our preferred financial planning and insurance advisory partners.

Our authorisation and representative details are as follows:

Pears Wealth Advisors Pty Ltd CAR Number 1243510 ABN 75 610 806 954 is a Corporate Authorised Representative of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361

Leonardo Ciarroni ARN 1243514 is a Limited Authorised Representatives of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361  Fnancial Services Guide (FSG)

Anthony Ciarroni ARN 1243515 is a Limited Authorised Representatives of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361  Financial Services Guide (FSG)

Andrew Elias ARN 1259629 is a Limited Authorised Representatives of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361  Financial Services Guide (FSG)

For more information on Merit Wealth refer to their Website: www.meritwealth.com.au | Privacy Statement.

General advice warning: The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.

Please note that any taxation and accounting services are not endorsed nor the responsibility of Merit Wealth Pty Ltd.

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Suite 3, Ground Floor, 24 Ross Street, North Parramatta NSW 2151, Australia

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02 9890 3999

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admin@pearsca.com.au