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Self Managed Super Funds Rules

For any investor wanting to set up an SMSF, it’s crucial to understand the rules associated with self managed super funds.

However, trying to get your head around these rules can be a complicated business. That’s why it’s essential to seek expert advice. At Self Managed Super Fund Company, our highly experienced and specialised staff will be happy to take you through everything you need to know regarding self managed super funds rules.

Should you choose to use a SMSF, our staff will ensure the fund is properly set up and maintained. We will ensure it is eligible for tax concessions, as well as being easy to administer.

All SMSFs must adhere to the general super laws. Any failing to comply with these laws is regarded as a contravention of the Superannuation Industry (Supervision) Act 1993 (SISA) or Superannuation Industry (Supervision) Regulations 1994 (SISR).

Central to the superannuation rules is a principle called the ‘sole purpose test’. Put simply, this requires your super fund to be maintained exclusively for the purposes of your retirement. Any trustee of a self managed super fund must adhere to the ‘sole purpose test’ at all times.

With recent changes to self managed super funds rules and regulations, it is even more important to seek well-informed advice, not only to ensure proper compliance, but also to take advantage of the great tax advantages these changes have created.

At Self Managed Super Fund Company, our team of expert staff have a comprehensive understanding of self managed super funds rules, and keep abreast of ongoing changes and developments.

If you are interested in setting up an SMSF, you want to be safe in the knowledge that your fund is not only complying with the rules, but is also working in your best interests.

Make an appointment with Self Managed Super Fund Company today and get the most out of your super.