SMSF Setup & Running An SMSF

How do Self-Managed Super Funds work?

As you can see from the diagram, there are a number of aspects to consider when managing an SMSF. Trustees can choose to do a lot of this management themselves or, alternatively, they can engage professional service and product providers to minimise both the burden and the risk. A typical SMSF will engage the services of a lawyer to draft the trust deed and an accountant and auditor to facilitate annual taxation returns. The use of an administrator can be useful to reduce the day-to-day administration burden and legal risk of the trustees by assisting in the record keeping, minute taking and annual compliance returns.

What role does a financial planner have in running an SMSF?

A financial planner has a pivotal role to play and can assist you by:

  1. Co-ordinating all of the allied services including accounting, audit, lawyers and administrators
  2. Providing SMSF Advice on the initial SMSF setup and trust deed requirements
  3. Developing, implementing and providing ongoing optimisation of the investment strategy of the fund
  4. Structuring benefit payments
  5. Facilitating estate planning strategies
  6. Setting up borrowing arrangements for property investments
  7. Doing all the above with taxation minimisation strategies in mind

How does Blueprint Wealth help me do this?

Blueprint provides a comprehensive, one-stop shop approach to helping you set up and run your SMSF. We pride ourselves on delivering a complete SMSF package to you for every service that you will need to run a successful SMSF. Please read about our services here.