The ground rules on tax The current tax rate on earnings within a superannuation fund (including an SMSF) is 15%, but where the income is produced by assets wholly supporting an income stream such as a pension, there is no tax payable within the fund on that income.
Can you withdraw from your self managed super fund?
You can make Lump Sum withdrawals whenever you like from your SMSF once you turn 65 or are aged between preservation age and 64 and “Retired”, regardless of whether you have commenced a Pension. You cannot make Lump Sum withdrawals from your SMSF if you are aged between preservation age and 64 and are NOT “Retired”.
What are the benefits of a self managed super fund?
The benefits of a SMSF include:
- Investment choice.
- Flexibility & control.
- Effective Tax Management.
- Accountability.
- Costs of running your fund.
- Pooling your super with others.
- Protection from Creditors.
- Duties & Responsibilities of being a Trustee.
Can I withdraw from my self-managed super fund?
When can I access my self-managed super fund?
The simplest answer to the question of when you can access your Self-Managed Superannuation Fund (SMSF) is when you retire and you are at least 60 years old.
Can I withdraw money from my self-managed super fund?
What do we do for self managed super funds?
We specialise in the provision of self managed super fund taxation and audit services. We help our clients setup S elf Managed Super Fund ’s, take on existing funds and administer to all annual reporting requirements of the fund including the Financial Statements, Member Statements, Investment Reports, Annual Return, and Independent Audit.
Are there any qualified accountants at just Superfund?
Just Superfund have a 100% satisfaction guarantee. All Just Superfund employees are fully qualified accountants. Just Superfund also have qualified staff in other key areas such as Auditing, Real Estate, Personal, Trust and Company Taxation and Law. I have saved thousands making the switch to Just Superfund.
Who is the quick SMSF super fund accountant?
Based in Melbourne & servicing clients Australia-wide, Quick SMSF Accountants is your superannuation and SMSF accountant which provides high quality and affordable Self Managed Super Fund administration services.
What happens to your super fund when you die?
We are dedicated to providing continued advice and support to meet our clients’ requirements. If an individual has a superannuation account when they die, the trustee of the super fund will generally pay the deceased individual’s superannuation interests – accumulation and retirement phase interests…
