Superannuation

A ton of changes have occurred in the past few years in relation to superannuation; the most notable that many people are now operating their own self-managed Superannuation Funds (SMSFs).

There are many aspects to deciding whether to run your own fund. SMSFs have lots of benefits such as giving you flexibility in choosing your investments, but are you sure you’re up to date with all the duties of trustees? Is your fund complying with the law?

Whether it’s accounting advice, audit expertise or financial planning that you need, the PCM group can assist you in all aspects of establishing and maintaining your own fund.

You might find it useful to read the Australian Tax Office’s publication It’s your money, but not yet.

Useful Links:

Fido - phone 1300 300 630
Superannuation Complaints Tribunal - phone 1300 884 114
Australian Taxation Office (ATO) - Superannuation - phone 131020
Australian Prudential Regulation Authority (APRA) - for early release of your funds on compassionate grounds or if you suspect your money is being mismanaged. Phone 1300 131 060. Assisting trustees to manage superannuation funds prudently and in compliance with applicable requirements, this section of the APRA website provides relevant information.
CentreLink - for free information, seminars, booklets on government welfare benefits and investing.
National Information Centre on Retirement Investments (NICRI) - phone 1800 020 110
Association of Superannuation Funds of Australia (ASFA) - for fact sheets, online calculators or
phone (02) 9264 9300.
SMSF Professionals' Association (SPA) - offers support, ongoing education and advice to SMSF advisers who become members.
Self Managed Super Fund Members Group - information for those with a SMSF or contemplating one