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.

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 Count Financial Limited (Count) to ensure we are able to continue providing SMSF advice to our existing clients or potential new clients. Count is Australia's largest network of accountant-based professional advisers and has a 35 year history of supporting accounting firms to provide financial advice to their clients.

Please note that Count Financial Limited do not endorse nor take responsibility for any taxation and accounting services given by Pears Chartered Accountants.

Anthony Ciarroni, Leo Ciarroni and Andrew Elias are Authorised Representatives of Count Financial Limited.

*Pears Wealth Advisors Pty Ltd ABN 75 610 806 954 provides financial planning services as an authorised representative of Count Financial Limited. 'Count' and Count Wealth Accountants® are trading names of Count Financial Limited, ABN 19 001 974 625 Australian Financial Services License Holder Number 227232 ("Count") a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Count is a Professional Partner of the Financial Planning Association of Australia Limited.

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.

We are committed to ensuring the privacy and security of your personal information. As an Authorised Representative of Count Financial Limited, a member of the Commonwealth Bank Group of companies, we are bound by the Group's Privacy Policy. For further details, you can refer to the Group's Privacy Policy.

Please note that any taxation and accounting services are not endorsed nor the responsibility of Count Financial Limited.

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