Self Managed Super Fund Serviecs in Oakleigh

Q: What is a self managed super fund?

A self managed super fund (SMSF) is a superannuation trust structure that provides benefits to its members upon retirement . The main difference between SMSFs and other super funds is that SMSF members are also the trustees of the fund

Q: How many members can a SMSF have?

How many members can a SMSF have? Your SMSF can have no more than six members . Most SMSFs have two or more. As a member, you are a trustee of the fund — or you can get a corporate trustee. In either case, you are responsible for the fund.

Q: What is a self managed super fund?

A self managed super fund (SMSF) is a superannuation trust structure that provides benefits to its members upon retirement . The main difference between SMSFs and other super funds is that SMSF members are also the trustees of the fund

Q: How many members can a SMSF have?

How many members can a SMSF have? Your SMSF can have no more than six members . Most SMSFs have two or more. As a member, you are a trustee of the fund — or you can get a corporate trustee. In either case, you are responsible for the fund.

Looking for help with Self Manager Super Funds in Oakleigh?

We offer straightforward SMSF & financial services that help you make smart decisions with your money. We are experts in our field and take the time to understand your needs, constraints, and values so you can achieve financial security.

SMSF Setup & Update
SMSF Tax and Compliance
SMSF Portfolio Administration
SMSF Investment Advice

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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.

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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.

Years Experience

Happy Melbourne Clients

Local Financial Specialists

Tax Returns

Benefits of a SMSF

A sufficient amount of money set aside in a superannuation account can serve as a lucrative investing vehicle. As a result, having an SMSF that is properly set up can result in a wide range of financial advantages.

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Greater 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.

Full range of SMSF and superannuation offerings

Mint Financial Solutions SMSF specialists help clients manage superannuation and tax requirements. We can help you build and administer your Self-Managed Super Fund and implement a strategy to reach your goals. In addition to the benefits, liabilities, and responsibilities of an SMSF, our SMSF experts can help you set

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.

Brands we partner & work with

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FBA

IPA

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See what our clients say about our financial services

Mint Financial Solutions

4.9

Based on 39 reviews

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RK C

23:31 25 Nov 24

My wife and I had a great experience doing our tax this year with Mint. Tanisha had everything prepared and throughly checked before we met. It was the best service I've got and my tax is quite complicated. Thanks for the great service!

Leonie Keynes

05:17 29 Aug 24

Always prompt communication and great service

Jo Bacher

01:39 27 May 24

I cannot thank Hishan, Trac and the rest of the team enough for the time they took assisting me to plan my financial future. They have gone above and beyond to find the best super plan and TPD for me. They come highly recommended.

Chris Cameron

08:29 03 Apr 24

My wife and I have been dealing with Patrick at Mint Financial for many years now for my business advice, financial advice and retirement planning.He has been very professional all along and makes us feel very relaxed about our financial future.Would not recommend anyone else.Thanks Patrick.

Sharon

04:41 02 Apr 24

From the moment I reached out to Kim Smart from Mint Financial, I was impressed by her professionalism and willingness to assist me without any expectations. Kim's commitment to my financial well-being was evident throughout our interactions.One of the most commendable aspects of Kim's services was her ability to offer me tailored advice that was based on my individual financial goals and circumstances. Kim took the time to understand my specific situation and provided recommendations that were both insightful and practical. I highly recommend making the time to meet with Kim Smart to discuss your financial goals.

jalib ahsan

09:26 30 Oct 23

Glad I considered, as for the information provided was really helpful.Basic and simple solutions, without compromising out today's leisure

Peter Williams

23:33 19 Oct 23

The annual review is an absolute necessity and we were very pleased with the plan that was developed.

Avelyn Miranda

01:08 17 May 23

Hishan and Crystal were excellent from start to finish with my recent property purchase. Mint Financial Solutions have been my financial planners and tax accountant for the last 6 years and I highly recommend them for service and cost.

Jules Tennant

23:37 16 May 23

Everything was a breeze with Crystal and Hishan. Made the whole process so simple and easy for us

John Hiolos

02:41 14 Feb 23

Marlon and the team are very professional! They provide excellent services! Highly Recommended

Shakeel Hosenbucus

10:49 07 Feb 23

Mint Financial Solutions has provided tremendous support and demonstrated great level of professionalism and patience in assisting our Charity organisation, Australian International Aid. They have effectively managed our accounts and have gone above and beyond to facilitate our accounting tasks.We would like to recommend them to any individual or business that requires a customer focussed and high quality professional accounting firm. Thank you.Shakeel HosenbucusTreasurer,Australian International Aid

Nash Nwz

09:31 20 May 22

Hishan and team were great to deal with. They provided us with a thorough review of our options and got us the best deal for our situation making the whole process simple and easy. I highly recommend their services.

Anne Gartshore

01:08 25 Mar 22

We have been dealing with Hishan and his team for over a year now with our superannuation and planning advice. Very happy with the path that they recommended to us and the performance in the past year, especially during such a trying time globally. Would not hesitate to recommend.

Babak Bozorgy

21:09 12 Oct 21

Professional service, friendly and quick to respond. Highly recommended!Thanks guys, keep up the good work!

Tom Sharp

05:06 07 Oct 21

A million thanks to Mint Financial Solutions in resolving the issues withCentrelink having cancelled the Age Pension Payment and Benefits for over 15+ weeks, actually last payment was early June. Next Payment received 4th October due to the professionalism at Mint Financial Solutions. Thanks to the Team at MFS from Rhonda & Tom Sharp : it good to know that MFS know how to do it better than any.

Mike oppedisano

07:07 21 Aug 21

We have been clients of Mint Financial Solutions for the last twelve months; The team is very professional and friendly in their approach to us the customer, with lots of knowledge and experience. They helped us make an informed decision with our investment. At that time, we were not sure what we were going to do with our money.The plan laid out by Hishan and his team clearly set goals and rewards. These have been proven and very beneficial over the last twelve months. The growth was even more than what was predicted.We are especially happy with Hishan, Marlon and the rest of the Mint Financial Solutions team and very grateful for their help. More people should be made aware of the expertise and assistance they could provide.

Wolfgang Doehnert

03:51 18 Aug 21

In the 12 months this Company was engaged to continue as our financial advisors we have been extremely satisfied with their performance financially and in quality of service. Our unusual needs and fast response was met. The team and I say team because if someone is away there has always been another person to actively respond in a timely manner. Well done to the frontline staff and in particular, the back office staff, for their help and support during these COVID times.

Nishan Joseph

01:16 22 Apr 21

I have been using the services of Mint Financial Solutions since its inception, and I am truly grateful and appreciative of the professionalism and care they take when recommending services to me, only providing what is reasonable and relevant to my situation and circumstances. A key stand out on the team is Crystal Nguyen who has been helping me over the last few years in order to get approved for a refinance application. Her patience, dedication and level of professionalism is beyond remarkable, I am extremely appreciative of the hard work she has put in for my case, despite many setbacks we finally got there in the end. Thank you very much Crystal.

Kaye Baynes

07:38 10 Mar 21

Hishan and his team have always given the best service and advice always available and nothing is to much trouble .

Ramesh Navaratne

22:55 27 Jan 20

I started a conversation with Marlon at Mint Financial services over 8 years back and since then he had assisted me in many insurance related and investment related transitions. The advice and the systems put in place by Marlon and the team came in handy when about two years back I had a health and financial issue in the family. Am I glad that he prepared me and gave me the correct advice at that time and if not for Marlon and the team I cannot imagine the sate of my family given commercial stability defines all other day to day problems that you need to deal with. Wish the team all the best and can recommend them highly of the professionalism and excellent service.

Sherone Algama

12:50 22 Jan 20

I have received invaluable financial advise and tailored solutions over the past two years from Marlon De Kauwe; and would like to commend on the professionalism & dedicated service i was provided with; which indeed was value for money.Thanks Marlon.Prasad Algama

Shabnam Bozorgi

21:29 09 Oct 19

I have been using their service for years now, their team have manages my tax and home loan, very professional and committed, I couldn't ask for more, always responsive, and can handle complicated cases very well.

Imran Wahid

05:57 20 Sep 19

The best place to get financial advice,I am really satisfied with services.I got all from tax return to super annaution and investment all in one office.

Saliya Gunawardena

20:27 03 Apr 19

Hishan and the team at Mint Financial Solutions have been amazing to deal with. They helped me refinance and obtain a very competitive interest rate on my mortgages. I highly recommend Mint Financial Solutions, they are professional, committed and can get you the right outcome you seek!

Brent Germain

05:19 02 Apr 19

Hishan and The Team at Mint Financial Solutions have been brilliant, helping me every step of the way (and keeping me in the loop) in obtaining a homeloan to build my dream home. Very happy with the high level of service and professionalism shown!

Nigel Sewera

03:43 26 Mar 19

Hishan and his team have given me great guidance and honest advice with all Financial matters, most recently with all the help and support they provided with my mortgage.Mint Financial Solutions are always extremely professional and reliable and provide great customer service. I highly recommend them

neela unadkat

08:18 25 Mar 19

I am a retired banking officer and I have found Hishan Naufal and his team to be extremely efficient prompt and thorough. Very useful and grateful to him and all his team for all the guidance and advise we have been given . They are very upfront and fair with their advise . My whole family seek his expertise and I have recommended Hishan and his company to many of my friends and colleagues who have been grateful for recommending him.Well done Mint financial Solutions keep up the good work 👏😊

Steve P

23:42 31 Jan 19

I have had the pleasure of engaging Patrick to assist me in a number of complicated financial matters. He is punctual, efficient and above all else provides excellent service, which has helped me secure my financial future and saved me stress and from a financial standpoint. Give him a call as he is great value.

Don Australia

00:24 06 Jul 18

Thank you Hishan for your never ending support the past 2 yrs. Very talented team and extremely fair rates. These guys are definately the go to for any brokering or mortgage needs.

Amal S.Z.

02:32 05 Jul 18

One of the most trust worthy and competent financial adviser I have ever come across. Can always trust Hishan and his team to give sound and honest guidance in all financial matters. Thank you!

Three13 Group

02:22 05 Jul 18

Thanks Hishan for assisting us with the restructure and land settlement. Good to have a great business partner to count on when the time calls for it.

Ali Kazemi

02:20 05 Jul 18

Hishan and his finance brokerage team have helped me get a mortgage for a property most thought would be too complex to do (using different legal structures). Competent and highly responsive team!

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Mint Financial Solutions FAQ

How much super do you need for a self managed fund?

There's no minimum balance required to set up an SMSF, but it usually becomes cost-effective once you have a balance of $250,000 or more. You will need to pay the annual supervisory levy to the ATO and arrange for an accountant to prepare the financial statements and tax return, and conduct an independent audit.

What is a self managed super fund?

A self managed super fund (SMSF) is a superannuation trust structure that provides benefits to its members upon retirement. The main difference between SMSFs and other super funds is that SMSF members are also the trustees of the fund

Can you set up your own self managed super fund?

Your self-managed super fund (SMSF) needs to be set up correctly so that it's eligible for tax concessions, can receive contributions and is as easy as possible to administer. To set up an SMSF you need to: Consider appointing professionals to help you. Choose individual trustees or a corporate trustee.

Why are SMSF so popular?

Self-managed super funds (SMSFs) are becoming increasingly popular in Australia due to the greater degree of control and flexibility they provide. More than 1 million Australians are now SMSF members.

How many members can a SMSF have?

Your SMSF can have no more than six members. Most SMSFs have two or more. As a member, you are a trustee of the fund — or you can get a corporate trustee. In either case, you are responsible for the fund.

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