The document provides information about self-managed superannuation funds (SMSFs) including: what an SMSF is, the roles and responsibilities of trustees, benefits of SMSFs such as control over investments and tax concessions, factors to consider when deciding whether to establish an SMSF, and the typical lifecycle and costs associated with setting up and maintaining an SMSF. It encourages readers to contact Lasseter for more information on SMSF starter packages and compliance/administration packages.

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SMSF basics

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Lasseter has prepared this presentation for general information purposes only and does not constitute personal
advice.
You should not act solely on the basis of material contained in this presentation.We recommend that formal advice
is sought which considers all your individual objectives and needs.
No material contained within this report should be construed or relied upon as providing recommendations in
relation to any financial product.
General Advice Disclaimer

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What is a SMSF?
A super fund is considered a SMSF if:
•It has 4 or less members
•Each member is a trustee of the fund or a director of the trustee company (if a corporate trustee is appointed to
administer the fund)
•No member is an employee of another member, unless they are related
•No trustee or director of the corporate trustee is paid for their duties or services to the fund
•No corporate trustee is paid for its services as a trustee
•A SMSF is an investment vehicle that enables you to save for your retirement
•It has very generous tax concessions
•Restrictions on when you can access your money

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Your role in your SMSF?
When you set up a SMSF, you take on the role either as a:
•Trustee
•Director of a company that is a trustee (called a corporate trustee)
A trustee is a person or company that holds and invests the fund’s assets for the benefit of the members. It or they
basically make all the decisions on behalf of the members of the SMSF.

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SMSF Benefits
• Control
o How funds are invested
o How the fund will operate
o Alter the funds investment strategy as and when required
• Investment choice
o Shares
o Bonds
o Managed funds
o Fixed interest
o Property
o Collectibles
o Cash

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SMSF Benefits
• Tax concessions
o A concessional tax rate of 15% applies to any income or contributions
o Gains on investments held for more than 12 months are taxed at an effective rate of 10%
o Tax can be lowered through franking credits and the offsetting of capital losses
• Estate Planning
o A SMSF can be structured to be used for efficient estate planning including:
o Tax advantaged income streams for beneficiaries
o Binding nominations that do not lapse

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SMSF Benefits
• Borrowing
o Recent changes to the legislation now makes it easier for trustees to acquire direct property in their SMSF
• Protection
o the assets of the SMSF are protected from bankruptcy and other legal claims

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SMSF Decision
• Do I have the time, knowledge and skill to manage and administer the fund?
At Lasseter we can assist you by providing you with the trained and experienced resources to manage and
administer your fund relieving you of most of the work required.
• How much do I need in super to make the fund viable?
We would recommend around $200,000 depending on the administration and compliance fees charged. At
Lasseter we have a fixed price pay by the month solution so you know in advance how much everything will
cost.
• Will the other members be suitable co-investors?
Traditionally your co-investors will be your family and in most cases your partner. At Lasseter we are able to
create separate investment strategies for each member to suit their unique investment requirements.

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Lifecycle of a SMSF

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Establish the
Fund
Lifecycle of a SMSF

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Establish the
Fund
Estate
Planning
Accumulation
Phase
Lifecycle of a SMSF

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Pension
Phase
Lifecycle of a SMSF

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Pension
Phase Death
Lifecycle of a SMSF

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Lifecycle of a SMSF

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• Establishment Costs – FREE (Lasseter will establish your SMSF at no cost)
• Corporate Trustee - $444 (One Off – ASIC Fee) see our SMSF Starter Package
• Annual Accounting and Tax – starting from $1320, see our Compliance and Administration Package
• Annual Audit – starting from $330 *
• Annual ATO Levy - $150
• Annual ASIC Fees - $212 (only for corporate trustee)
• Other Professional Fees – ie Financial Advisor
• Investment Fees – depending on investments chosen
SMSF Costs

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If you have any queries please call us on 1300 083 691
or
We can contact you request via our website press here
View our SMSF Starter Package
View our Compliance and Administration Package
What Next?

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Lasseter InFocus
Offices: T: 1300 083 691
Melbourne
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