Self Managed Super Funds (SMSF) are arguably the most tax effective structure under current tax laws and is tipped to remain so for many years to come, as governments from both sides of politics are keen to encourage retirees to be self funded. In the process, considerable tax incentives are provided to SMSF.

TST Partners specialises in this area.

Our Accounting & Tax division has a depth of knowledge and experience in regards to the administration and taxation aspects of SMSF. We are able to explain clearly the pros and cons of setting up your own SMSF, how it works, regulatory and compliance matters in relation thereto, and most importantly the tax benefits and wealth accumulation effects of a SMSF. For clients who consider SMSF appropriate for them, we can organise the entire fund establishment process including the necessary registrations with the ATO. We further provide ongoing administrative, accounting, taxation and investment reporting services to ensure that financial statements and taxation returns are prepared accurately and on a timely basis. We review and discuss with our clients their SMSF on a regular basis and recommend actions to the members where appropriate (e.g. pension strategies) to ensure that our clients always take full advantage of the latest changes in superannuation fund laws.

Our Audit division is fully conversant on the many complex and often tricky aspects of running and maintaining a SMSF, having literally performed thousands of SMSF audits. We are able to conduct both the annual financial audit as well as the compliance audit in a cost efficient manner and with the minimum of fuss. We also take the opportunity to educate and assist trustees on how best to fulfil their obligations and where necessary, assist in rectifying any shortcomings to ensure that tax concession status of the SMSF is maintained.