Self Managed Super Funds.
A specialist area of TST Partners, Self Managed Super Funds (SMSF) are arguably the most tax effective structure under current tax laws and is envisaged to remain so for many years to come, as the government continues to encourage retirees to be self-funded. In the process, considerable tax incentives are provided to SMSF.
Our Private Clients Services department has a depth of knowledge and experience in regards to the administration and taxation aspects of SMSF. We are able to explain the tax advantages of a SMSF as well as inform clients of its regulatory and compliance requirements.
For clients who decide to implement a SMSF, we are able to manage the process of establishing the fund and any related entities. We provide ongoing administrative, accounting, taxation and investment reporting services to ensure that financial statements and taxation returns are prepared accurately and on a timely basis. We review and discuss with our clients their SMSF on a regular basis and recommend actions to the members where appropriate (e.g. pension strategies) to ensure that our clients always take full advantage of the latest changes in superannuation fund laws.
Our Audit division is fully conversant on the many complex and often tricky aspects of running and maintaining a SMSF. We are able to conduct both the annual financial audit as well as the compliance audit.
TST Partners prides itself on our ability to educate and assist clients on how best to fulfil their obligations as trustees of a SMSF, and where necessary, assist in rectifying any shortcomings to ensure that tax concession status of the SMSF is maintained.