Need expert advice with your SMSF Geelong?

The number of self-managed superannuation funds in Australia is growing every year and  Geelong people are part of the increase.

While the lure of greater hands-on control and choice over investments is attractive to many, an SMSF can also deliver a range of other benefits too. But with those advantages comes the responsibility for fund trustees to understand the rules and regulations and comply with them.

That’s why it’s important to have a professional accounting team supporting you from the start, making sure your fund is properly set up and correctly structured and offering professional assistance in areas including fund administration, auditing, taxation and compliance.

For all things SMSF Geelong people can turn to CD&G Accountants for expert advice and services. We’ve been helping individuals, companies and trusts get the best performance out of superannuation funds for years and we’ve seen a big growth in demand for SMSFs in that time.

Almost one third of Australia’s total superannuation funds are held in SMSFs, with ATO figures revealing more than 585,000 SMSFs managed assets worth almost $654 billion at December last year. And those figures are on an upward climb. Wind the calendar back to 1998 and SMSFs accounted for 10 per cent of the superannuation assets, with the figure doubling to about 20 per cent by 2005. And now it’s almost nudging 33 per cent.

SMSFs allow trustees to steer fund direction in terms of investment choice such as term deposits, shares, commercial property and even collectibles. Many funds can actually be cheaper to run than commercial, retail and industry funds and they can also offer benefits in areas including estate planning and taxation too. The fact that you can manage the superannuation of one to four members in a single fund is another draw card, with individuals able to transfer assets such as Australian shares from their own name into the fund.

If you would like to know more about starting a Geelong SMSF, including the advantages such a fund can deliver to you, please contact us at CD&G Accountants.