Making sense of self-managed superannuation
Self-managed superannuation funds (SMSFs) have many rules. Our professional staff will examine your individual circumstances and help you comprehend your obligations, rules, and legislation. We'll keep you informed of any changes to the superannuation legislation. Mint Financial Solutions can help you with SMSF methods to receive the best results.
Fund Establishment
We assist with Self-Managed Super Fund formation. When it comes to running a successful SMSF, the establishment phase is one of the most critical to get right. When properly established, it is simpler to make contributions, administrate, and qualify for tax breaks.
Financial Statements for SMSFs
We assist with Self Managed Super Fund Financial Statement Preparation. Each year, SMSFs are required by law to undergo an independent, ASIC-approved audit. If you are a trustee of a self-managed superannuation fund, you can depend on Mint Financial Solutions to create accurate and compliant financial accounts.
General Advice and Compliance
General Information Regarding Fund Administration. We are available to answer any general SMSF questions you may have. General SIS Act and SIS Regulations Compliance Assuring that your annual fund audit is completed and submitted on time, and that you can pass the SMSF "sole purpose" test.
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Tax ReturnsGreater flexibility with tax
In Australia, SMSFs that comply with superannuation laws are generally eligible to have member contributions and fund earnings taxed at the concessional superannuation rate of 15%.
Greater Control Of Your Super
You have greater control over how your funds are invested with an SMSF. You can invest directly in residential real estate, as opposed to being limited to property trusts.
Estate planning
In contrast to other public funds, SMSFs offer greater flexibility with regard to the death benefits they provide to members. With an SMSF, we can assist you in ensuring that your death benefits are paid to a beneficiary as a pension rather than a lump sum, thereby allowing the fund to continue operating. We can also ensure tax-efficient distribution of funds to future generations and direct transfer of non-cash assets to beneficiaries.
SMSF Compliance
It comes as no surprise that Self-Managed Super Funds (SMSFs) are Australia's fastest-growing investment vehicle, given the effective tax rates and improved control over assets and investment options. In order for an SMSF to obtain these benefits, it must adhere with the applicable laws and regulations. In addition, there is a substantial administrative burden associated with reviewing documents, monitoring contributions, preparing reports, and organising an annual audit, all of which can distract you from what's most important: managing the accumulation of wealth for the retirement benefit of members.
Our client-centric superannuation team can alleviate the burden of compliance and daily administration. By monitoring and reporting on the SMSFs of our clients on a regular basis, we are better equipped to discover compliance issues or potential violations regarding contributions and other legislative difficulties. In addition, our superannuation team collaborates closely with our Wealth Advisory division to provide you with immediate access to financial advice.
Superannuation Advice
Because there are so many different alternatives for superannuation, Mint Financial Solutions can assist you in developing the optimal approach to help ensure that you are getting the most out of your retirement savings.
Retirement and Pension Advice
Allow Mint Financial Solutions to assist you in navigating the complex retirement and pension financial landscape so that you can retire with peace of mind.
Structures for Tax and Asset Protection
We can direct you through the complexity of tax legislation and asset protection strategies. We will guide you through the tax considerations and arrangements that maximise your benefits.
Entity Services
We offer comprehensive entity services that can help with the formation and registration of companies, partnerships, trusts, and SMSFs. These services are available here.
Why Choose Mint Financial Solutions
Our Superannuation Division's primary objective is to give you with straightforward and cutting-edge solutions that enable you to make the best decision for your self-managed super fund (SMSF). Our devoted team of SMSF accountants and superannuation services experts give comprehensive advise on the tax benefits of superannuation and will assist you with every aspect of your SMSF.
SMSFs are a common substitute for conventional superannuation funds. One of the primary reasons for establishing these DIY funds is the desire for greater investment control and flexibility. SMSFs are customised vehicles for asset building and succession that can provide tax-efficient income streams to retirees. They have a low tax rate of up to 15%, giving investors and company owners with considerable financial incentives to take a more active role in preparing for retirement. While establishing an SMSF might be relatively straightforward, managing ongoing compliance and regulatory duties needs extensive knowledge and expert superannuation guidance.
Through our superannuation services, Mint Financial Solutions can give expert guidance to assist you efficiently manage compliance expenses and move forwards. However, SMSFs are not for everyone and should only be explored when the size of the fund is suitable. Please let us know if you require any additional information regarding the possibility of its utility for you. Today, speak with one of our SMSF accountants in Oakleigh. Please note that in certain cases, qualified financial planner expertise may be necessary, which we may arrange.
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