Self-Managed Superannuation Funds (SMSFs)
Take Control of Your Super – With the Right Support
A Self-Managed Superannuation Fund (SMSF) can provide greater control and flexibility over how your retirement savings are managed. However, with that control comes significant responsibility.
SMSFs operate within a highly regulated environment and trustees are responsible for ensuring their fund complies with superannuation and taxation laws. At Kevin McEvoy & Associates, we provide experienced accounting, taxation, administration and compliance services to assist SMSF trustees with the ongoing management of their fund.
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What Is a Self-Managed Superannuation Fund?
An SMSF is a private superannuation fund established for the purpose of providing retirement benefits to its members. An SMSF can have up to six members. Generally, each member must be either an individual trustee of the fund or a director of the company acting as the fund's corporate trustee.
Unlike many other superannuation arrangements, the members of an SMSF are responsible for the management of their own fund. This provides greater control but also places significant legal and compliance responsibilities on the trustees. SMSFs are regulated by the Australian Taxation Office (ATO).
Trustee Responsibilities
As an SMSF trustee, you remain ultimately responsible for ensuring that your fund complies with superannuation and taxation law, even where accountants, administrators, financial advisers or other professionals assist you.
Understanding these responsibilities is an important part of operating an SMSF.
Trustee responsibilities include:
Kevin McEvoy & Associates can assist with the accounting, taxation, administration and
compliance requirements of your SMSF throughout its life cycle.
Our SMSF Services
Our services include:
At Kevin McEvoy & Associates, we provide practical, professional support to SMSF trustees throughout the life of their fund—from establishment and annual compliance through to pension phase and, when the time comes, winding up the fund.