Why Self Managed Superannuation Funds (SMSF) or a Family Super Fund?

If you’re thinking about setting up a new self managed superannuation fund (SMSF) or Family Super Fund, there are a few key questions you’ll need to consider first.

What are Self Managed Superannuation Funds?

An SMSF, or Family Super Fund, is a regulated superannuation fund with less than five members, who are primarily family members or close associates. The members of the fund are also the trustees, or directors of a corporate trustee, and therefore have the freedom – and the responsibility – to make all of the decisions relating to the fund.

Some of the decisions for a family super fund include:

The fund’s investment strategy
The type of retirement planning strategies to undertake
The type of retirement income (pension) to use
Details of the trust deed for the fund.

Purpose of a Family Super Fund

The sole purpose of the family super fund is to ensure that the fund is maintained for the purpose of providing benefits to members upon their retirement or their dependents if a member dies before retirement.

All members of the fund, upon joining the fund and becoming a Trustee or director of a Corporate Trustee, agree to be bound by the Rules of the fund and the Superannuation Laws and declare that they have read the fund’s Product Disclosure Statement. They must also ensure that the fund remains a regulated and a complying SMSF under the Superannuation Laws.

Self Managed Superannuation Funds and Family Super Perth Specialists

In order for any fund to operate efficiently and in accordance with superannuation and tax laws, the sourcing and coordination of various professional services is typically required. These services include accounting, auditing, financial planning, investment advice, legal advice and general administration.

At Blueprint Planning we provide a specialist SMSF financial planning service that delivers research based, specifically tailored advice. In conjunction with our service partners we will establish your SMSF and then provide ongoing advice on all strategic aspects of the fund.

Click here to read testimonials from some of our family super and self managed superannuation funds Perth clients.

At Blueprint Planning we’ve gone to great lengths to identify and bring together a team of specialists to bring each client’s SMSF project to fruition. We pride ourselves on the faultless execution of each project at every stage of the process.

Click here to find out more about our partners in our services for self managed superannuation funds.

We have offices in South Perth, Mandurah and Albany. We also service clients from Kalgoorlie, Esperance and throughout Western Australia.

For more information on our self managed superannuation and family super funds Perth and Western Australia services, simply call (+618)94230300 to speak with one of our Directors or complete our enquiry form.