Self-Managed Superannuation Funds

The taxation features of owning investments within superannuation are very attractive. A Self-managed Superannuation Fund (SMSF) is the chosen investment vehicle for many people. There are over 420,000 of these funds in Australia today and their popularity continues to grow.
Self-managed Superannuation Funds are typically family or one-member funds set up by people who want a more hands-on approach to running their super fund. They provide increased control and flexibility over the investment decisions.

What are the advantages of SMSFs?

Appealing aspects of having your own SMSF include:

• Maintaining closer control over your investments (subject to relevant legislation and the provisions of the Fund’s trust deed)
• Enjoying wider choice of investments
• Greater flexibility in structuring your fund

As well, there is often the potential for worthwhile savings in administration costs compared with standard retail offerings. While the benefits are attractive, the complexity associated with managing a fund of your own is often a concern. A SMSF does require detailed record-keeping and strict attention to complying with the regulations. Most people choose to outsource the day-to-day administration of their SMSF. Moneta Super provides a comprehensive level of assistance in order to deliver the benefits of having your own SMSF without the concerns.

How does this work?

Moneta provides the services required to establish, manage and maintain the statutory accounting and compliance records of your fund.
The full administration service covers Moneta acting as the mail house, that is:

• Moneta acting as the initial contact point for all correspondence
• Recording all relevant entries for your accounts
• Preparing the necessary accounts and trustee minutes
• Arrangement of preparation and lodgement of the fund's Annual Return to the Tax Office
• Arrangement of the fund's annual audit

In addition, Moneta forwards to trustees confirmation of investment transactions such as purchases and sales of shares, redemptions of managed funds and provides assistance with queries regarding the fund’s obligations and administration of investments. Should the fund be in pension phase, Moneta also co-ordinates the actuarial and taxation requirements.

Who is Moneta?

Moneta Super Pty Ltd, is a new company formed by a joint venture partnership with the Pentad Group and CHN Herold Ross a chartered accounting firm based in Ringwood.
Moneta is an independent body providing full administrative and compliance services for Self Managed Superannuation Funds (SMSF).

Contact with us

Contact us today on (03) 9813-0133 to find out more about Self-managed Superannuation and how Moneta Super can help you achieve your financial goals.

Fees for the service?

Moneta’s fees for SMSF administration are based on the size and complexity of the fund. An estimate will be provided on an individual basis.