= A Cost Effective Retirement Funding Solution

SMSF Administration

Our SMSF partner, C2 Super, has a simple, no fuss, 3-step process for setting up your SMSF. They’ve helps thousands of individuals and couples navigate the complexities of SMSF setup and ongoing management. A SMSF can open up your wealth creation powers and help maximise your retirement finances.

Investment Management

Once you’ve gained access to your funds through the establishment of your SMSF structure, we’ll help put your funds to work in high performance assets through our low cost Automated Investment Management (AIM) service and help you achieve your retirement goals.

Why A Self Managed Super Fund?

Setting up a self-managed superannuation fund (SMSF) can have a number of advantages over other types of superannuation funds. This can include investment flexibility, tax efficiencies and cost advantages. But the main reason for having an SMSF is control over investment decisions.

A Self Managed Super Fund (SMSF) is a specialised trust structure regulated by the Australian Taxation Office, that allows Australians to have greater control over where your retirement savings are invested. A SMSF investor has a greater choice of investments compared to managed super funds such as retail or industry funds.

By opening up the investment universe to a wider spectrum of asset classes, not only can SMSF trustees access more exotic and speculative investment vehicles, they should also be aware of their obligations under Superannuation law so they stay within the guidelines and avoid harsh penatlities.

Ultimately, the goal of Superannuation is to provide retirement benefits for its members. Any other goal you might have in mind when it comes to your Super should be left aside. No member of a SMSF can gain a direct or indirect benefit from their SMSF investments until they reach their preservation age.

Date Of Birth Preservation Age
Before 1 July 1960 55
1 July 1960 – 30 June 1961 56
1 July 1961 – 30 June 1962 57
1 July 1962 – 30 June 1963 58
1 July 1963 – 30 June 1964 59
From 1 July 1964 60

How Much Do You Need In Super To Run A SMSF?

Really there is no hard and fast rule or any minimum balance requirement to start a SMSF. However, you need to take into account the upfront and ongoing costs of running your SMSF to evaluate whether you have enough to make it a worthwhile exercise. For example, with a small balance of $50,000 (or less), fees would amount to around 5% p.a. For most people, this would seem like quite a large chunk and you’d be better off keeping your funds in the retail Superannuation fund market.

The latest ATO figures on SMSF activity reveal that nearly one in five (19.1 per cent) of all self-managed superannuation funds contained less than $200,000 worth of assets. Somewhat surprisingly, 6.1 per cent of SMSFs had assets totalling less than $50,000.

Determining whether or not an SMSF is right for you will depend more on the rate of returns you can achieve after the deduction of operating costs, as well as your skill and ability to manage your assets effectively, than the amount of start-up capital you have. As such, it is important to understand the various costs associated with managing an SMSF.

The good news is that the costs of running your SMSF are generally constant. Meaning that whether you have $100,000 or $1M, you’ll still have the same costs. So obviously the larger the balance the lower the percentage will be taken in fees. Makes sense?

C2 takes care of all the administrative tasks of your SMSF. From setup and registering your fund with the relevant legal bodies, to preparation of the trust deed, including the investment strategy and other fund requirements. They also liaise with the ATO auditor on your behalf each year and will guide your throughout the year with advice and information to make sure your fund remains compliant and up to date. All fees for SMSF administration and where C2 faciliates the payment of other fees, come out of your SMSF fund balance so you never have to worry about being late on a payment and incurring late fees.

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You’re In Control Of Your Super With This Complete Package

  • Our SMSF partner C2 Super will set up and take care of the ongoing administration and compliance of your SMSF

  • Protect your family's future wealth and financial well being with an adequate level of life insurance paid for by your SMSF

  • Focus on your career and other wealth creation activities knowing that your retirement fund is working as hard as you are.

  • Your SMSF retains full direct ownership of all assets acquired through the WCF AIM process.

  • You decide how much of your Superannuation money is invested with WCF's Automated Investment Management process.

  • SMSF reporting and reconciliation at tax time is simple with our tax reporting service. WCF will liaise with C2 to make sure all your obligations are fulfilled.

Step 1: Choose Your Establishment Package

$1,495 one time

SMSF Establishment with Corporate Trustee

  • SMSF Deed Establishment
  • SMSF Trustee Company Establishment
  • Macquarie Cash Management Account
  • Registration with relevant regulatory bodies
  • Complete investment strategy
  • Assistance with rollovers

SMSF Property Investor
$3,995 one time

SMSF and Property Trust Establishment with Corporate Trustee

  • SMSF Deed Establishment
  • SMSF Trustee Company Establishment
  • Macquarie Cash Management Account
  • Registration with relevant regulatory bodies
  • Complete Investment Strategy
  • Assistance with rollovers
  • Property Trust establishment
  • Property Trust Trustee Company establishment
  • General advice and guidance on property investing with your SMSF.

Note: All fees deducted from your Super balance after funds have been rolled over into your SMSF bank account. Nothing to pay up front.

Ready to become a trustee of your own Super Fund?

Let’s Get You Started…

For more information on the WealthCircles Financial SMSF Administration Service, including an application form, please enter your name and email below and we'll send it to you via email.