Probably the fastest growing aspect of the accounting industry, Self Managed
Super Funds (SMSF) are fraught with danger to the unsophisticated investor.
The multitude of negative press received due to some accountants “pushing products”
on clients such as the recent Charterhill collapse is enough to make one turn away
from self management entirely.
The reality is that Self Managed Superannuation is a fantastic product for certain
clients allowing them the ability and control and invest their retirement savings
whether than is in Property, Shares or other assets.
Bartley Partners does not sell products, does not take kickbacks or commission
incentives from financial planners or put them on staff to sell to our clients. We are
an independent accounting firm who will work with your financial planner and
ensure what is done in your SMSF is tax effective and financially viable.
The picture to the right demonstrates how an SMSF can be a good way for a family
(remember limited to four people) to pool their investments in certain circumstances.
Four brothers, Matthew, Mark, Luke & John all have varying amounts of super but all
decide to open up an SMSF for their future.
Matthew via his job as a stockbroker works on the share portfolio investment side
of the fund while the other three brothers as builders select the property assets of the fund.
Given they all have varying degrees of ownership in the fund they all receive a rate of
return based on the percentage of assets they own so there can be no favouritism. Their
accountants track the progress of the investments and give them their updated
holdings each year.
By self managing and pooling their talents they have a diversified, secure and far cheaper
alternative than standard commercial funds offer.
As Adelaide based SMSF Accountants we work with our clients to
ensure their fund is sustainable, compliant and controlled.