These small superannuation funds are referred to by a variety of different names including “DIY” funds (do it yourself), “Family” funds, “Mum and Dad” funds and of course “SMSF’s”
SMSF’s perform the same role as other funds, by investing contributions and making them available to members on retirement. The main difference is that the members of a SMSF are also the trustees of the fund. They control the investment of their contributions and the payment of their benefits.
As individuals’ superannuation assets have grown, many people have sought to gain greater control over the day-to-day management of their superannuation. Hence, the rise in popularity of the SMSF.
Establishing and managing a SMSF can be daunting. However, at Cygnus Accountants from establishment through to annual tax & audit, investment reporting, contribution monitoring and payment of income streams at retirement, we can assist.
Our service offerings are flexible and can be customised to meet your unique requirements. We can do as much or as little as you need.
We provide our clients standard and cost-effective Compliance Services for SMSF
- SMSF Audit Assistance
- SMSF Including borrowing and commercial property Structure.
- Set up Do-it-yourself funds
- Fund Administration – Complete Annual Regulatory Accounting & Manage Day to day Record Keeping