Self Managed Super Funds (SMSF)

As of 1st July 2016, Accountants are required to be licensed to advise on matters relating to Self Managed Superannuation Funds.

In order to provide personal advice to our clients in relation to superannuation and self managed superannuation funds, Petta Yencken & Company has chosen to be authorised through the SMSF Advisers Network Pty Ltd (SAN) (ABN 64 155 907 681, AFSL No. 430062) – the Australian Financial Services Licence of the National Tax and Accountants’ Association Ltd (NTAA). The trustee for Law Yencken Family Trust T/A Yencken Superannuation Advisor is a Corporate Authorised Representative No. 124 5301

Ronald Yencken is an Authorised Representative of SAN No. 124 5302

Determining whether a SMSF is suitable for you, is the first step. A SMSF allows you to select your investments individually, or in collaboration with an investment advisor (Petta Yencken & Company is not authorised to supply specific investment product advice). It gives you a greater investment choice including investing in direct shares, property or other investment appropriate for you objectives and needs. A SMSF can also provide better control over your estate planning

As an Authorised Representative we can assist in helping you to determine:

  • Whether a SMSF is suitable vehicle for you:
  • Establishment of a SMSF
  • Determination of contributions
  • Minimum pensions payment

Superannuation Laws governing SMSFs are strict and can be complex in relation to compliance and reporting. To this end, we can assist you, through our Accounting Practice, to navigate these matters. We will help to ease your workload in relation to the administration of your SMSF, as well as ensuring you understand the requirements involved in being Trustees of your SMSF. Petta Yencken & Company can assist with::

  • Compliance: ensuring that your Fund stays within the rules
  • Assisting you to manage your SMSF
  • Record keeping
  • Preparation of financial statements and tax returns
  • Organising the mandatory auditing of your SMSF with our external auditors

 

General Advice Warning

Any advice included in this section is general advice and has been prepared without taking into account your own objectives, financial situation or needs. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation or needs.