Superannuation has a long term focus where your funds, when managed appropriately, should accumulate at a greater rate than other outlets holding similar investments.

Secure your financial future by looking at your superannuation plan today.

It’s never too late to look at your super to ensure you are getting the most out of it. It’s easy to leave it accumulate over the years and forget about it, but it plays a vital role in helping you determine security for your financial future.

We offer advice and assistance in areas such as:

Organising finances and superannuation can be complex, making it easy to put the task aside. We can help you set goals and protect your income based on your personal situation. Everyone is different, so we tailor a plan to put you on the right path for a comfortable future. 

Our advice will help you understand where you are now, and where you want to or need to be. Over time, we will help you close the gap required to accomplishing your goal.

If you would like to discuss where you are now and how to get there, contact us today for a no obligation initial discussion. 

Self Managed Superannuation Funds (SMSFs)

At Withani, we work with our partners to provide a complete and flexible SMSF solution. We are able to set up funds, arrange management services and provide technical, strategic and investment advice. 

When done correctly, a SMSF can be a very effective way to generate wealth when your main purpose is to contribute benefits for retirement.

SMSFs are not suitable for everyone and will vary person to person based on their individual circumstances. Receiving advice from the start can save you money and time in the long run.

If you are not sure if SMSF is the right gateway for you, contact us to find out what we can do for you. 

A short video about the myths and realities of SMSFs from the ATO.

Some of the things we consider when asked to set up a fund are:

  • 1
    Are you, the client and prospective trustee of your fund, prepared to listen to, consider and take advice?
    Questioning and testing the advice is a positive; ignoring it is a waste of your money and our time.
  • 2
    Are you prepared to establish the fund with a Corporate Trustee or do you just want the “low cost” option?
    While there are some additional costs, particularly when setting up a fund we believe the benefits of a corporate trustee outweigh the relatively small up front cost involved. For a good relatively non-technical explanation of why we favour a company as trustee over individuals, see this article. You may also find this short video helpful in understanding the advantages and disadvantages of each type of trustee.
  • 3
    Do you understand or have the capacity to understand what is involved in running your own superannuation fund?
  • 4
    What is your investment competence?
    Do you have the capability to participate actively in the investment process or are you simply looking for someone else to do this?
  • 5
    Can you handle the administration?
    Contracting out is OK but do you appreciate what is required and how much doing this properly will cost in time and money.
  • 6
    Do you understand your legal obligations under SIS and as a trustee?
    refer to ATO Self managed super fund trustee declaration” and “Self managed super funds – Key messages for trustees”. We definitely recommend you get advice to assist in operating your Fund, the ATO considers you responsible.
  • 7
    Do you understand the difference between a DIY Fund and a SMSF?
  • 8
    Do you have the time to run a fund?
  • 9
    Do you have the knowledge, both legal and financial, to run a fund?
  • 10
    Do you have sufficient superannuation savings to justify your own fund?
Other questions for consideration:
  • 11
    Are you aware of the benefits you will lose if you roll present superannuation savings into a self-managed fund?
  • 12
    Have you looked at any of the online trustee courses?
  • 13
    Do you realise that if any of the fund’s investments are lost through fraud, you will not automatically be covered for compensation?

If you believe a SMSF may be right for you, or even if you are not sure and would like some help to decide please contact us today.

Get in touch today to discuss how we can help you.