Setting up a self-managed super fund can be complicated and time consuming. At RNO Financial, we simplify that process, making sure your fund is created with minimal involvement, hassle, and stress on your part.
SMSF Accounting and Service Packages
Take the hassle out of your self-managed super fund’s ongoing
tax, accounting, administration and compliance obligations.
SMSF expertise and advice matters. Get it all here.
A self-managed super fund (SMSF) puts you in the driver’s seat of your financial future, giving you the freedom to invest in assets you know and understand best. And with the tax and cost benefits that come with SMSFs, allow you to build significantly more tax-free wealth.
This means more money and a better lifestyle when you retire.At RNO Financial, we understand that you’re busy and that SMSF rules are complicated.
That’s why we created a complete A-Z solution, giving you access to all of the support and expertise you need to easily manage and create lasting wealth through your super.
Making SMSF set-up easy
By purchasing a commercial property owned by you personally, a family company or trust, through an SMSF, you can unlock cash that’s tied-up in your business. Use this cash instead for reinvestments back into your business, to help finance other personal assets, or to reduce your non-tax-deductible home loan debt.
You can pass your business property down to future generations with minimal fuss and little to no tax consequences while, at the same time, keeping that property out of reach from future-generation family breakdowns, creditors, and lawsuits.
Assets in SMSFs are protected from bankruptcies and lawsuits. Should you or your business face litigation or should your business file for bankruptcy, your business property will be insulated from creditors – including the Australian Taxation Office.
If you own your business premises through your super fund, you can lease it to your business – and the rent you pay to your SMSF is generally a business tax deduction as are all other expenses including interest, depreciation rates, and insurance. Just imagine the savings!
If you don’t have enough money to buy your business premises outright, your SMSF could borrow the shortfall from a bank. All your fund will need is the correct structure and enough savings to pay for a 30 percent deposit plus costs.
- Rental income will be subject to a maximum 15 percent tax rate as opposed to company and marginal tax rates that range from 28.5 to 49 percent.
- If you sell your property before you start drawing a pension and your SMSF has owned the property for more than 12 months, you’ll only pay a maximum capital gains tax rate of 10 percent.
- You can use negative gearing benefits to completely eliminate your fund contributions and income tax.
- If you buy and hold your business premises through your super and sell when you start drawing a pension, that property will be exempt from capital gains tax – saving you hundreds of thousands of dollars in taxes.
- Any rental income you receive while you draw a pension will also be tax-free revenue.