SMSFs
SMSFs

We are here to help build your wealth creation prospects and one way of doing this is by putting you in control of your own superannuation.

We aim to make the management of your Self Managed Super Fund as easy & trouble-free as possible and ensure that you have total control of your super and can make advantageous investment decisions to meet your financial goals.

We offer a full service solution and provide sound SMSF guidance relating to four core areas

  • Establishment
  • Administration
  • Taxation & Compliance
  • Specialist

Establishing your new SMSF

Our assistance to establish your new SMSF will ensure things are done in a professional manner and to the highest possible standard; in doing this we will organise the following:

  • Coordinate and prepare a high quality professionally written SMSF Trust Deed
  • Incorporate a new special purpose SMSF trustee company if needed
  • Trustee Declarations & Consent to Act forms
  • Membership applications
  • Guidance on completing an SMSF Investment Strategy
  • Australian Business Number (ABN) & Tax File Number (TFN) registrations
  • Binding Death Benefit Nomination forms & TFN notices
  • Arrange Goods & Services Tax (GST) registration if needed
  • Completion of any other necessary forms, minutes or declarations

Administration

Do you have an SMSF and need assistance getting your fund in order or are you just unsatisfied with your current SMSF provider?

BIR Partners aim to relieve you of the burden of administration by providing all administrative services required for SMSFs to ensure the fund remains fully compliant with all rules under the SIS Act, SIS Regulations & ATO guidelines.

Some of the many administrative functions that we can provide assistance with are:

  • Trust deed updates – it is important that a SMSF trust deed is up to date with the SIS legislation
  • Change in trustees – change from individual or corporate trustee requires a deed variation
  • Assistance with preparation and lodgement of BAS & IAS statements
  • Fund conversion from Accumulation mode to Pension mode
  • Tax calculations & preparation of documentation for lump sum & pension payments
  • Assistance with Limited Recourse Borrowing Arrangements (LRBA) for property purchases
  • Bare trust setup to facilitate the purchase of a LRBA property through your superannuation fund
  • We can also assist with maintaining asset & investment registers
  • Liaising with your chosen specialists including Financial Planners, Stockbrokers and Lawyers
  • Assist in completing all necessary paperwork to claim a deduction for contributions
  • Assist with rollovers to or from other Superannuation Funds
  • Liaising with the ATO

Taxation & Compliance

BIR Partners can prepare and lodge all of the annual taxation and compliance obligations for your SMSF.

We will guide you through the requirements of the year end and make this process as seamless as possible so the highest standard of reporting is achieved, including:

  • Financial Statements & Returns
  • Annual Documentation
  • Member contributions & withdrawal documents
  • Annual pension calculations & PAYG instalments
  • Organise and liaise an independent ASIC registered auditor
  • Assist the trustee to determine the market value of fund assets
  • Arrange an actuarial certificate through our trusted provider
  • Investment strategy assistance

Specialist Services

Our objective is to work with you, other specialists and stakeholders to facilitate and implement the highest level of professional strategic advice by analysing all factors internal & external to develop advice on the following:

  • Utilise family group structures to maximise tax savings, benefits, income streams, contribution strategies and payment of death benefits
  • Develop & implement retirement strategies
  • Augment wealth generation through the use of an SMSF as an investment vehicle
  • SMSF Pension Strategies & Advice – by liaising with your financial planner to get the best outcome
  • Estate planning
  • Succession planning
  • SMSF taxation advice
  • How to deal with major events such as death or removal of members / trustees

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