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Superannuation
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Retirement planning and Self-Managed Superannuation Fund Services in Sydney

Superannuation or Super is one’s retirement saving paid by employer as way of Super Guarantee Contribution (SGC). This fund is only accessible by the account holder when they are retired or under very specific circumstances. There are strict regulations and guidelines to protect the retirement funds. The complexity of the regulations often causes account holders unaware of what they can and cannot do. But it is extremely important for anyone to be fully aware of their Superannuation status, investment strategy and insurance associated with super.

BST Accounting team has vast knowledge and experience dealing with superannuation issues for our clients. Some of our Super related services are:
 

  1. Setting up Employee accounts with their chosen super fund
  2. Processing Quarterly SGC for Employers
  3. Investigating multiple Super Account and prepare necessary documents to amalgamate them into one to simplify and reduce admin costs for our clients.
  4. Assist clients with Departing Australia Superannuation Payment (DASP) when they leave Australia and move to overseas permanently.
  5. Tax Advise on Personal Super Contributions (Concessional & Non-concessional) as part of Tax Planning and reduce tax liability legally.

SMSF

Self-Managed Superannuation Funds or SMSFs are set up and managed by the members directly as trustees or directors of the trustee company. They make their own investment decisions and are fully responsible to comply with the SIS Act and Tax Law.

SMSFs must be run for the sole purpose of providing retirement benefits for the members. It is strictly monitored by ATO to protect the sole purpose. So, it is very crucial for the member to understand the regulatory requirements and obligations as a trustee before choosing to set up an SMSF. We advise our clients on different compliance requirements in accumulation phase & pension phase, concessional & non-concessional contribution limits and closely monitor their fund operation to avoid any non-compliance which may result in a heavy tax penalty.

Your smooth retirement depends on how well you plan today and have your control over your super investments. Our SMSF experienced team will discuss your situation, objectives and advise whether an SMSF is the right choice for you.

If SMSF is a better choice for you, we can assist you to meet the compliance and ATO reporting requirements. Our SMSF services include:
 

  • Establishment and administration of SMSF
  • ATO compliance reporting
  • Set up an investment strategy
  • Tax planning to minimise tax liability legally
  • SMSF Audit
  • Event based reporting (TBAR)