Looking after your company’s super fund can be as much about frustration as administration. Maintaining your employees super fund can be costly, time consuming and laborious. However, a quality superannuation fund for your employees is vital to the success of your business for 2 reasons:
As professional accountants and qualified financial advisers, we can offer both you and your employees a complete financial solution at no additional cost to you. Plus, it will be a high-quality superannuation service that your employees will value!
Super Choice has delivered more options, but has also left you, and your employees with more questions than answers. We can advise on the most appropriate personal or corporate default superannuation fund for you, your employees or your business. We can also help answer any questions you may have on Super Choice, superannuation or retirement planning.
Regardless of whether you are young or old, you must consider your superannuation strategy now for the future.In fact, the younger you are the easier it is to grow your nest egg. You will be thanking yourself in the future for your financial wisdom!Sterling Financial Group can help you:
The Basic definitionA superannuation fund is a self managed superannuation fund (SMSF) if it meets the following conditions:
A SMSF can also have a company a trustee (known as a corporate trustee) if:
The requirements that all members be trustees ensures that each member is fully involved and has the opportunity to participate in the decision-making processes of the fund. This promotes true self-management. The Australian Taxation Office (ATO) will regulate funds that meet the definition of the SMSF.