Category: SMSF

When setting up a Self-Managed Super Fund (SMSF), one of the first decisions you’ll make is whether to have individual trustees or a corporate trustee. While individual trustees may seem simpler and cheaper upfront, the long-term costs, both financial and emotional, can be far greater. Here’s why Sharp Accounting strongly recommends a corporate trustee structure…

When you set up your Self-Managed Super Fund (SMSF), the trust deed outlines the rules governing how the fund will be managed. But it’s not a one-and-done document. Over time, the law changes, and so do your circumstances. If your trust deed hasn’t been reviewed in years, it may be holding your fund back, or…

If you manage your own SMSF, you’re likely focused on investments, contributions, and tax planning. But what happens if you lose capacity or pass away without the right documents in place? Many SMSF trustees overlook two key pieces of documentation that protect the fund and your intentions: a valid Enduring Power of Attorney (EPOA) and…

Running your own SMSF gives you more control over your retirement savings, but with that control comes responsibility. From the moment your fund is set up, there are strict rules to follow. And unfortunately, many of the most common SMSF breaches are avoidable with the right advice and systems in place. If you’re planning for…

Buying property through your SMSF can be a great strategy, especially if you’re looking to invest in business premises. But SMSF borrowing comes with strict rules, added complexity, and often higher costs. Before you start the process, it’s important to understand what’s actually allowed and where the risks lie. How SMSF Borrowing Works Your SMSF…

If you manage your own SMSF, you’re legally required to have an investment strategy, and it needs to do more than just tick boxes. A well-structured strategy doesn’t just keep the ATO happy; it helps guide your decisions and ensures your investments reflect your retirement goals. What the ATO Expects Your investment strategy must be…