SMSF

SMSF Setup & Advice Central Coast

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What You Need Know

SMSF Meaning and Advantages of an SMSF?

A self-managed super fund (SMSF) is a type of superannuation fund in Australia that is managed by its members, who are also the trustees. This means the members are responsible for making investment decisions and ensuring compliance with super and tax laws, rather than an industry fund managing this on your behalf. The primary purpose of an SMSF is to provide retirement benefits to its members, which include: 

Control

SMSFs allow members to have direct control over investment decisions. However, this comes with compliance obligations.

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Flexibility

SMSFs offer a compressive range of investment options rather than the made-for-you options of traditional super funds.

Savings & Costs

Our accountants will discuss the fees with you but generally SMSFs are more cost-effective for larger super balances.

Estate Planning

SMSFs can offer more flexibility and a hands-on approach to estate and retirement planning, professional advice is needed.

Tax Guide

How to Start and Setup a SMSF?

Setting up a self-managed super fund (SMSF) involves more than just filling in forms, it requires the right team. At Tax Stuff, we guide you through the process, from establishing a trust deed and appointing trustees, to registering your fund with the ATO for an ABN and TFN. Best practice is to assemble a professional team. Our accountants handle setup, compliance, financial reporting and annual audits, while a licensed financial advisor can help with investment strategy. Don’t have one? We have a trusted partner ready to help.

SMSF Property
Investment Strategy

Investing in property through your SMSF is possible and can be a smart long-term strategy, but it comes with strict rules and compliance obligations. At Tax Stuff, we help clients navigate the complexities of SMSF property investment, including borrowing structures (LRBAs), arm’s length rules, and meeting sole purpose tests. With our team’s experience and trusted financial advisor partnerships, you’re in safe hands when building your retirement wealth through property.

Have a Question?

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Would you like to book an appointment with one of our skilled accountants? Do you have a question, or would you simply like to make an enquiry? Please fill out our contact form, and a member of our friendly team will get back to you within 24 hours.

FAQ

Questions and Answers About Self-Managed Super Funds

What is SMSF?

A Self-Managed Super Fund (SMSF) is a private superannuation fund that you manage yourself. Unlike retail or industry super funds, an SMSF gives you full control over how your retirement savings are invested. At Tax Stuff, we guide clients through setup, compliance, and management so they stay in control without the stress.

Starting an SMSF involves setting up a trust, appointing trustees, registering with the ATO, and creating an investment strategy. It’s best to assemble a team from the start. At Tax Stuff, we take care of the accounting, compliance, and audits, and can connect you with a trusted financial advisor for tailored investment advice.

Living in an SMSF-owned property isn’t allowed while the fund is active. SMSF investments must meet the “sole purpose test” benefiting your retirement, not personal use. However, once you retire and wind up the SMSF, the property can be transferred to you personally, if done properly. Tax Stuff can help plan this process.

SMSFs can be highly rewarding for those wanting investment control and flexibility, especially in areas like property, precious metals or shares. But they come with responsibilities. At Tax Stuff, we help you weigh the benefits against the costs and compliance needs to decide if an SMSF is the right fit for your financial goals.

An SMSF works by pooling your super contributions into a fund that you control, either individually or with up to five members. Trustees are responsible for managing investments, meeting legal obligations, and ensuring the fund’s sole purpose is providing for retirement. Tax Stuff helps with all the heavy lifting, so you don’t have to.

No, you can’t Airbnb an SMSF property if it’s a residential property. It must not be used by you, your friends, or family. The property must meet strict investment rules, including the sole purpose test and arm’s-length leasing. Tax Stuff helps clients stay compliant while maximising their SMSF’s performance.

Testimonials

Tax Stuff Client Reviews

5.0
Based on 99 reviews
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Nomi Kyle Female
22:44 28 Feb 25
I highly recommend these accountants especially Brad. They really do know their stuff at tax stuff. They make you feel very relaxed and comfortable will go a mile to make you feel comfortable. I’m very happy with the outcome of my appointment.
Andy
00:14 22 Feb 25
Very knowledgable. Easy to work with.
Jay Schaeffer
22:55 04 Feb 25
Brad and the team at Tax Stuff made doing my taxes so easy! I barely had to lift a finger, and they somehow managed to save me way more money than I expected. The whole process was smooth and stress-free. Super friendly, super efficient - highly recommend!
Mark Teasdell
01:22 29 Jan 25
I am very happy to recommend Tax Stuff. I had a couple of tax matters to finalise for my aunt's deceased estate.Dylan was fabulous at making the process easy and I am very happy with the outcome.I will definitely use Tax Stuff again in future.Thanks again Dylan and Brad
Jesse306
06:13 28 Jan 25
I highly recommend Brad and his team. He brings a wealth of knowledge and he is willing to go that extra mile for you.
Alex Shapiro
23:59 14 Jan 25
Tax Stuff is by far the most professional accounting firm I have come across. Easy to deal with and really helpful in all aspects accounting. After having a very negative (and costly) experience with another accountant, Brad, Dylan and the team are very professional with excellent & timely communication keeping me up to date with the progress of my case with the ATO.Can't recommend this business highly enough...
Vanessa Lollback
23:47 11 Jan 25
Was looking for a new Tax Accountant and came across Tax Stuff. I loved the name, and I noticed that Wayne Butler had left a glowing review. I had worked with Wayne previously so I decided to give them a try. I'm so glad I did! They were incredibly welcoming and helpful in explaining everything and answering all my questions patiently. They were also very responsive and professional. They made Tax stuff simple lol. Highly recommend Tax Stuff!
Bruce Minkley
00:45 05 Jan 25
Thanks Brad and the team at tax stuff. I found you all pleasant and efficient to work with. Would recommend you.

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