Support for your Self Managed Super Fund

Do it yourself (DIY) super funds offer the flexibility to invest your super directly into assets like shares and real estate. They also allow fund members (up to 4) a lot more freedom over the way their fund is managed and the benefits it provides – hence, Self Managed Super Fund. But with freedom comes responsibility.

As the trustee of a self managed super fund (SMSF) you are responsible for its administration, management and compliance – no small task. This is where Perpetual’s SMSF Service can help with day-to-day housekeeping as administrator for your fund.


Is a Self Managed Super Fund right for you?

Super is demanding given the complexity of regulations and it’s important to make the right decision due to the long term nature of super and retirement income streams. And with the ever-changing intricacies of the finance world, choosing a practiced administrator for your DIY fund is crucial.

Perpetual’s SMSF Service is designed to work with trustees of self managed super funds to effectively manage the operations and compliance of their fund.  This level of support provides an important part of the administrative essentials a trustee needs to confidently manage the operations of their fund.

The SMSF Service provides fund services for people who wish to:

  • take advantage of more sophisticated wealth management and accumulation strategies
  • be relieved of the burden of the day to day fund administration
  • be in control of their superannuation investment portfolio
  • make superannuation contributions
  • roll-over eligible termination payments
  • receive lump sum benefit payments 
  • receive pension benefits

While your initial fund size should ideally be at least $300,000, we may establish or accept a transfer of your fund with lesser amounts. See commonly asked questions about SMSF at our FAQs.

 Download Perpetual's DIY Super SMSF Service Administration Service Guide

To find out more or use Perpetual's SMSF service

To find out more contact your adviser or call us on 1800 645 227 or via email diytrusteeservice@perpetual.com.au.  If you don’t have an adviser, please call Perpetual Private Clients on 1800 631 381 or email privateclients@perpetual.com.au.


How does Perpetual's SMSF service work?

You can count on us to help at every significant crossroad: from the creation of your fund to the management of member benefits, fund assets, tax and regulatory needs.

Our three-tiered service consists of establishment, fund administration and asset custody.  It operates based on becoming your administrator and custodian for a new fund we help you create - or we can become the administrator and custodian of your existing DIY fund. Your fund’s assets are held by Perpetual’s Portfolio Administration Service. Each member may have a number of accounts in the fund to provide a range of lump sum and pension benefits. In some cases your fund may also maintain reserves. 

The SMSF Service is the ideal way to remove the administrative burden associated with running your fund and its pensions.  We handle the day-to-day safekeeping of assets (custody) and administration matters, leaving you free to focus on the all important investment, financial planning and trustee decisions.


Personal service and online access

You will have access to information about your investment portfolios from your personal account manager who will work closely with you and your adviser. Our real time web-based reporting tools are available online with details including:

  • List of your accounts
  • Portfolio asset allocation
  • List of investments in each of your accounts
  • Summary of transactions
  • Detailed list of transactions

You will also receive a portfolio valuation to summarise your quarterly fund activities about 10 working days after the end of each quarter. 


Other considerations of a self managed fund

While a number of different types of retirement income streams are available, self-funded income streams rely on the performance of your own invested capital.The investment options available with a DIY fund give you more investment control, allowing you to tailor investments to meet your needs and expectations.

Similarly, the SMSF Service gives you the flexibility to be able to mix and match lump sum payments and pensions to suit your specific circumstances.

As with most self-funded retirement income streams, DIY fund pensions have tax instalments deducted from the payments, providing a familiar “take home pay” arrangement.  DIY fund pensions also allow you to retain more control over your capital and investments than most other types of retirement income streams.


Making the most of tax management

A DIY super fund provides you with a vehicle that can accommodate sophisticated retirement and financial planning strategies including Reasonable Benefit Limit (‘RBL’) and capital gains tax management.

Accumulating wealth using a DIY super fund also gives you control over the timing of asset sales and purchases. When you retire, your DIY super fund can pay you a lump sum which, depending on your circumstances, may attract little or no tax.  During retirement you may receive some parts of your DIY super as a tax free pension, while other parts may attract an income tax offset, giving you a tax effective income source. We can look after these key custodial issues.


 

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