Self-Managed Superannuation Brisbane

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Self Managed Superannuation

Are you thinking about a self managed super fund or SMSF in Brisbane? Blue Diamond Financial can help provide answers to your SMSF questions. Let us help you navigate an appropriate SMSF solution tailored to your lifestyle.

Personalised Retirement Planning

With so many economic uncertainties gripping the world today, many people want to take direct control of their retirement planning, and this can be a powerful financial step. A self-managed superannuation fund (SMSF) offers flexibility, but it also comes with significant legal and administrative responsibilities, and you shouldn’t embark on this journey without sound financial advice. A Blue Diamond retirement planning consultant can clarify if an SMSF is the right choice for your financial future.

What is an SMSF?
A self-managed superfund, also known as self-managed superannuation, is a fund that can have up to six members. It is a way to invest and save towards retirement, but since it is self-managed, you will be responsible for all the decisions, admin and tax obligations related to the fund. Things to consider Starting an SMSF is a big decision that can have legal and monetary consequences if not done right. If you are in Victoria Point, Redland Bay or other suburbs in Brisbane, a financial planner at Blue Diamond Financial can set you on the right path. Below are three key considerations an SMSF financial advisor will point out to to you:
- Do you have enough time, knowledge and skills to manage your own super and meet your legal and other obligations.
- Do you need the additional benefits an SMSF can provide?
- Do you have enough super to make an SMSF cost-effective?
What are the potential benefits?
More investment control More investment choice One fund for the family Ability to borrow to make larger investments Potential tax savings Greater estate planning certainty and flexibility
Steps to starting a Self-Managed Super Fund
Choose a trustee structure Obtain a trust deed Sign trustee declarations Register with the ATO Open a bank account Record members’ TFNs Prepare an investment strategy Appoint a professional for audits and compliance
How can Blue Diamond help?
We offer dedicated financial planning services for SMSF best practice. To determine if self-managed superannuation is right for you or your family, speak to one of our experts today. Getting the set-up right. Ensuring compliance with investment, insurance and ongoing obligations. Making the most of your SMSF and knowing when to withdraw. Understanding alternative investments. Estate planning considerations.
ATO SMSF Series
Still have questions about a self-managed superannuation fund? Watch this series of videos from the Australian Tax Office.