Super and Self Managed Super

PlanningSMSF

Many people have a tendency to focus on what they are taking home each month but not what is happening with their super. A significant portion of your earned money goes to super, and how that is invested makes a huge difference to you and your retirement.

There is over 300 superannuation funds in Australia from your industry super, corporate super, public sector and retail superannuation funds. 

Foundation Wealth Planners (FWP) will manage your financial resources to make sure you are with the right superannuation fund.  No matter what stage you are in your life FWP can assist you in pursuing your ideal retirement.

Self Managed Super

Are you thinking about a self managed super fund or SMSF? Running your own super fund can be complicated, expensive, time consuming and in some cases detrimental to your long term financial well being. With the right advice it needn't be.

FWP has some answers to some of the common questions. Our role is to assist you as a fund trustee to make smart decisions with your super and assist you in the ongoing role you perform as a trustee.

  1. What is an SMSF?

    An SMSF is a self managed super fund, which allows you to manage your own retirement savings.

    Things to consider

    Do you have enough time, knowledge and skills to manage your own super an 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?

  2. 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

  3. Steps to starting an SMSF

    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

    Accept contributions and rollovers

    Plan for the future

    Appoint professionals

  4. How can FWP help?

    We can offer guidance and help if you need it.

    Is an SMSF right for you or your family?

    Getting the set-up right.

    Ensuring compliance with investment, insurance and ongoing obligations.

    Making the most of your SMSF.

    Understanding alternative investments.

    Retirement Planning.

    Estate planning considerations.

  5. Appropriate Accreditation

    Belinda Tink is an SPAA accredited SMSF Specialist Adviser™. This gives you peace of mind to ensure you will be given the appropriate guidance in regards to your SMSF.

For more information on Superannuation & SMSFs, click on the links below:

Understanding Superannuation Understanding SMSFs