AustAsia Group Pty Ltd (ACN 069 869 920) can help you plan out a successful retirement plan. With over $10 million in managed super funds AustAsia Group is one of Western Australia's leaders in supporting people's financial future.
We at AustAsia can help you with you through advising on a variety of superannuation advice and management including;
AustAsia Group can advise on setting up and operating an SMSF. To help make your decision if a SMSF is right for you here is a short guide for you to consider.
SMSF can provide you with direct control of your financial future. If you are not sure if you want that full responsibility it is important to speak to a AustAsia superannuation adviser on the advantages and disadvantages of other superannuation funds before you make your decision.
SMSF requires you to be a trustee and/or a company director of a trust which is a trustee. In this position you will have obligations and responsibilities as in a director of a company or business.
AustAsia Group will guide and support you with all obligations and operations of your SMSF. AustAsia will ensure your SMSF is managed professionally, safely, correctly and satisfy the superannuation regulations you have the advantage of being in control of its future.
To be a trustee you must comply with the Australian Tax Office's standards. These include the following criteria:
Once you have decided that a SMSF is the best way forward for your superannuation, AustAsia will work with you to create the right structure of the fund. Many types of assets including shares, bonds, property (commercial and residential), and cash are considered in the SMSF step up and liable for ATO tax concessions.
AustAsia will also help and advise on estate planning and the members in the structure of the SMSF.
AustAsia will work with you to establish your trust. This is a legal document outlining the rules for operating and establishing the fund, who is involved in the trust (you, family, spouse / partner), and the benefit payment structure.
Opening a bank account will allow you to manage the SMSF's operation, such as paying expenses and liabilities, and provides a depositing point for cash contribution.
AustAsia Group will resister you with ATO once all paperwork is in place. Your SMSF will be fully operational and your path to a successful retirement plan will be underway.