Self Managed Super Funds

Having your own personal self managed super fund (SMSF) gives you more control over your retirement savings.

SMSFs are regulated by the Australian Tax Office (ATO) and are generally suitable for high net worth individuals, family members and those who have already accumulated at least $200,000 in superannuation. SMSF’s are limited to a maximum of four members all of whom must be a trustee. There are certain obligations that trustees must meet and it is important to understand there are penalties for trustees who do not comply with the relevant legislation.

The ATO provides fact sheets on SMSF’s on their website http://www.ato.gov.au

Investorcoach advisers can provide you with ongoing or one-off advice on your SMSF including:

Whether or not a SMSF is suitable for you How to correctly set up your SMSF Your obligations as a trustee The right SMSF investment strategy for you Your SMSF insurance and estate planning options How best to maximise your SMSF as you approach, or transition to, retirement

SMSF Strategy Options

There are a wide range of strategy options available to SMSF trustees once the fund has been established.

To maximise the benefits available from the fund and to ensure you are availing yourself of the right strategy for you it is recommended that you seek expert financial advice. Potential strategy options could include:

Borrowing to invest Estate planning for dependents Property investment Transition to retirement Concessional strategies

Investment Options

One of the benefits of establishing a SMSF is the control it provides you over your investments. A SMSF allows trustees to have access to, and control over, a wider selection of investments that would otherwise be the case.

Property investment is one of the mainstays of the Aussie investment environment... Given that many investors are still reeling from the recent turmoil in global financial markets everyday investors increasingly are looking to take control of their own superannuation future.

Residential property is one of those asset classes that investors feel they can readily understand and there is a growing confidence that tangible property can be a relatively predictable long term Superannuation Investment Vehicle... Recent amendments to the superannuation industry from 24 September 2007 now permit Super Funds to borrow money for residential property investment on a limited recourse nature.

Given these positive changes for borrowings and the recent devastation from GFC Investorcoach Property has understandably experienced growing custmer demand to source and build (Project Manage) quality assest for investors SMSF and to work closely with their accountants and advisers.

Borrowing within your SMSF

Borrowing to invest is not for everyone but it can accelerate the growth of your super assets allowing you to reach your retirement goals earlier.

Borrowing in a SMSF is allowed subject to certain conditions, including:

The borrowing is in the name of the SMSF trustee The borrowing is in relation to an asset that the SMSF trustee is allowed to acquire The asset is held by a separate trustee (security trustee) The borrowing is limited recourse i.e. the lender only has access to the underlying asset if things go bad Provided all payments have been paid to the lender the security trustee will transfer all legal ownershipto the smsf trustee on maturity

However this can be a complicated process and you should always receive advice before deciding on this a course of action. Investorcoach Property has a number of products specifically designed to allow you to borrow within your SMSF.

SMSF Establishment

Ensuring your SMSF is set up correctly is essential. Bad advice, or non compliance with the relevant legislation can impact your ability to maximise the benefits of your SMSF.

There are a number of major steps in setting up an SMSF:

Preparation of the fund's trust deed Appointment of trustee(s) Trustee(s) to approve the trust deed, resolve to make the election to become a regulated superannuationfund,approve admission of initial members, and adopt the fund's investment strategy Execute the election, be a regulated superannuation fund and lodge it with the ATO. Additionally,apply for an Australian business number (ABN), a tax file number (TFN) and/or goodsand services tax (GST) registration Open a bank account for fund

Your Investorcoach adviser can arrange for the establishment of the fund for you, however it is the trustees responsibility to ensure all legislative requirements are met.

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