More and more people are considering setting up their own SMSF. As the name implies, an SMSF is effectively a do-it-yourself arrangement.

SMSFs are very popular with thousands of Australians wishing to make their own investment decisions and have a direct hands–on role in managing their own retirement savings. They’re choosing the option of an SMSF because it provides tangible benefits:

  • Absolute discretion with respect to the choice of a wide range of investment options
  • Control over your money
  • Borrowing to invest into property and shares
  • Active participation in running your fund
  • A family retirement vehicle
  • An asset protection vehicle
  • Concessional tax environment for wealth accumulators and retirees
  • A powerful tool for family groups to take advantage of estate planning strategies

Advising clients on managing their own fund is a Watkins Financial Services specialty.

We can offer strategies to small business owners, who may wish to purchase their business premises via their SMSF; retirees, to take advantage of the unique opportunities an SMSF can offer over other types of superannuation; and, of course, the different estate planning strategies available within an SMSF.

Recently, the Government has allowed SMSFs to borrow to invest into property and shares. This requires specialist advice. We consider ourselves to be a leading firm in this area. We function as a total one-stop-shop for our SMSF clients, with fund administration being completed by Horizon Superannuation Administration Services Pty Ltd.

Information fact sheet on SMSF limited recourse borrowing arrangement

Horizon is a related company established for the sole purpose of completing the annual compliance requirements for an SMSF. These include an audit of your fund, a complete set of financial accounts including the lodgement of an annual tax return, member statements, pension calculations and other requirements.

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