Tenth Avenue Accountants & Financial Advisors
Self Managed Super Fund on the Central Coast
We make managing your self managed super fund simple with clear guidance, structured reporting and ongoing support across every step.
Take Control of Your Retirement
Transparent Reporting
Accredited Advisors
Tailored Financial Support
At Tenth Avenue Accountants & Financial Advisors on the Central Coast, we help make the process of managing your self managed super fund straightforward and stress-free. Our team focuses on transparency, compliance and accurate reporting, helping you understand how your fund operates and what’s required each financial year.
We assist with setting up your fund, preparing documentation and managing annual reporting obligations. Every step is handled with clear communication so you can stay informed and confident in your responsibilities.
For straightforward support with your
self managed super fund, contact
(02) 4399 1551 to speak with our team today.
Ongoing Support for Fund Management
A self managed super fund requires consistent recordkeeping, reporting and attention to compliance rules. Managing contributions, investment records and annual audits can be complex without the right systems in place.
Clear organisation and structured reporting help keep your fund on track throughout the year. It’s important to stay up to date with ATO requirements, contribution caps and trustee obligations to maintain compliance.
With the right approach, managing a
self managed super fund becomes a straightforward process of staying organised, informed and proactive about your financial responsibilities.
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FAQ
What is a self managed super fund?
A self managed super fund (SMSF) is a private superannuation fund that you manage yourself, giving you control over how your retirement savings are invested. Unlike retail or industry super funds, an SMSF can have up to six members, all of whom are trustees responsible for decisions about the fund and its compliance. Managing a fund involves handling contributions, investing money, maintaining records, and meeting annual reporting obligations with the Australian Taxation Office.
What are the responsibilities of SMSF trustees?
Trustees of a self managed super fund are responsible for managing the fund according to superannuation and tax laws. This includes developing an investment strategy, maintaining accurate records, lodging annual tax returns, and organising audits. Trustees must also make decisions in the best interest of all fund members and stay informed about superannuation rules. If the fund isn’t managed correctly, trustees can face penalties or lose tax concessions, so understanding these responsibilities is important before starting an SMSF.
How much money do I need to start a self managed super fund?
There’s no fixed amount required by law to start a self-managed super fund, but many industry sources suggest a starting balance of around $200,000 or more to make it cost-effective. This is because there are annual fees for audits, tax returns, and administrative costs. The total cost of running an SMSF depends on the number of members, the fund’s investments, and how much assistance is required with management and reporting.
Operating since
2017
Serving the Central Coast
