SMSF Basics

1. www.lasseter.com.au [email protected].: 1300 083 691 SMSF basics

2. www.lasseter.com.au [email protected].: 1300 083 691 Lasseter has prepared this presentation for general information purposes only and does not constitute personal advice. You should not act solely on the basis of material contained in this presentation.We recommend that formal advice is sought which considers all your individual objectives and needs. No material contained within this report should be construed or relied upon as providing recommendations in relation to any financial product. General Advice Disclaimer 3. www.lasseter.com.au [email protected].: 1300 083 691 What is a SMSF? A super fund is considered a SMSF if: It has 4 or less members Each member is a trustee of the fund or a director of the trustee company (if a corporate trustee is appointed to administer the fund) No member is an employee of another member, unless they are related No trustee or director of the corporate trustee is paid for their duties or services to the fund No corporate trustee is paid for its services as a trustee A SMSF is an investment vehicle that enables you to save for your retirement It has very generous tax concessions Restrictions on when you can access your money 4. www.lasseter.com.au [email protected].: 1300 083 691 Your role in your SMSF? When you set up a SMSF, you take on the role either as a: Trustee Director of a company that is a trustee (called a corporate trustee) A trustee is a person or company that holds and invests the funds assets for the benefit of the members. It or they basically make all the decisions on behalf of the members of the SMSF. 5. www.lasseter.com.au [email protected].: 1300 083 691 SMSF Benefits Control o How funds are invested o How the fund will operate o Alter the funds investment strategy as and when required Investment choice o Shares o Bonds o Managed funds o Fixed interest o Property o Collectibles o Cash 6. www.lasseter.com.au [email protected].: 1300 083 691 SMSF Benefits Tax concessions o A concessional tax rate of 15% applies to any income or contributions o Gains on investments held for more than 12 months are taxed at an effective rate of 10% o Tax can be lowered through franking credits and the offsetting of capital losses Estate Planning o A SMSF can be structured to be used for efficient estate planning including: o Tax advantaged income streams for beneficiaries o Binding nominations that do not lapse 7. www.lasseter.com.au [email protected].: 1300 083 691 SMSF Benefits Borrowing o Recent changes to the legislation now makes it easier for trustees to acquire direct property in their SMSF Protection o the assets of the SMSF are protected from bankruptcy and other legal claims 8. www.lasseter.com.au [email protected].: 1300 083 691 SMSF Decision Do I have the time, knowledge and skill to manage and administer the fund? At Lasseter we can assist you by providing you with the trained and experienced resources to manage and administer your fund relieving you of most of the work required. How much do I need in super to make the fund viable? We would recommend around $200,000 depending on the administration and compliance fees charged. At Lasseter we have a fixed price pay by the month solution so you know in advance how much everything will cost. Will the other members be suitable co-investors? Traditionally your co-investors will be your family and in most cases your partner. At Lasseter we are able to create separate investment strategies for each member to suit their unique investment requirements. 9. www.lasseter.com.au [email protected].: 1300 083 691 Lifecycle of a SMSF 10. www.lasseter.com.au [email protected].: 1300 083 691 Establish the Fund Lifecycle of a SMSF 11. www.lasseter.com.au [email protected].: 1300 083 691 Establish the Fund Estate Planning Accumulation Phase Lifecycle of a SMSF 12. www.lasseter.com.au [email protected].: 1300 083 691 Pension Phase Lifecycle of a SMSF 13. www.lasseter.com.au [email protected].: 1300 083 691 Pension Phase Death Lifecycle of a SMSF 14. www.lasseter.com.au [email protected].: 1300 083 691 Lifecycle of a SMSF 15. www.lasseter.com.au [email protected].: 1300 083 691 Establishment Costs FREE (Lasseter will establish your SMSF at no cost) Corporate Trustee - $444 (One Off ASIC Fee) see our SMSF Starter Package Annual Accounting and Tax starting from $1320, see our Compliance and Administration Package Annual Audit starting from $330 * Annual ATO Levy - $150 Annual ASIC Fees - $212 (only for corporate trustee) Other Professional Fees ie Financial Advisor Investment Fees depending on investments chosen SMSF Costs 16. www.lasseter.com.au [email protected].: 1300 083 691 If you have any queries please call us on 1300 083 691 or We can contact you request via our website press here View our SMSF Starter Package View our Compliance and Administration Package What Next? 17. www.lasseter.com.au [email protected].: 1300 083 691 Lasseter InFocus Offices: T: 1300 083 691 Melbourne Altona E: [email protected] Geelong W: www.Lasseter.com.au

SMSF Basics

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