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Self-Managed Superannuation Funds (SMSFs) are popular in Australia as they provide you flexibility and control of your retirement funds. More than a million Australians have invested hundreds of billions of dollars into SMSFs. In doing so, these people have elected to make their own investment decisions about how their funds are managed.

Key reasons why you might choose to establish an SMSF:

  • Choice: Access a wide range of investment options in both $AUD and £GBP
  • Control: Discretion to manage your investment strategy
  • Flexibility: Change investments efficiently and implement effective tax strategies
  • Transparency: Greater visibility of your investment performance
  • Cost: Potentially lower administration/management costs compared with retail or retail super funds
  • Facilitate UK pension transfer: It’s possible to transfer your eligible UK pension into an approved SMSF (QROPS/ROPS)

Sterling Planners can help you establish and run your SMSF from an administration and compliance perspective. We can assist you to:

  • Establish an SMSF including the trust deed
  • Establish and register the company via ASIC (if applicable)
  • Apply to HMRC for ROPS status (if applicable)
  • Prepare all fund trustee/member application and minutes
  • Register the fund with Australian Tax Office (ATO)
  • Obtain the relevant Tax File Number (TFN) and Australian Business Number (ABN)
  • Establish fund bank accounts
  • Ensure compliance with ATO requirements for any tax on the transfer

To discuss how Sterling Planners can assist you in setting up an SMSF or managing your SMSF once it’s established, please call us on 02 8904 9793.