Establishing an SMSF - CapitalQ

Establishing an SMSF

Control! That is what having a self-managed super fund is all about, taking control of your own savings, taking control of your destiny.

Self-managed super funds are for smart, ambitious individuals who want to take charge of their futures.

They are for individuals who no longer wish to follow the crowd.

And for those who have grown weary of the large corporates in the banking and financial services industries.

That doesn’t mean control has to mean extra work, though it can if you want it to.

It just means you decide how much of the management and administration of your self-managed super fund and its investments you handle yourself, and how much you outsource. You also decide to whom you outsource each element and what costs you are prepared to pay. You also get to decide how your superannuation savings are managed, including how and when contributions are made and accepted and how and when pensions and other withdrawals are structured and paid.

Now the first thing to understand is –

  • Superannuation is not an investment in itself.
  • Superannuation is merely the structure through which investments can be held.

Too often we hear people complain about superannuation being a waste of time “because my balance hasn’t moved in years”.

Well, that is not a superannuation problem, that is an investment, and, most likely, a fees problem.

Superannuation is undeniably the most tax effective vehicle through which to build long-term wealth, period! And everyone should be using it, at least in part, to providing for the future they desire.

Did you know, any investment that can be held via a public offer superannuation fund can be held via your own self-managed super fund! In fact, there are investments that can be made via your own self-managed super fund that few if any public offer funds will allow you to invest in (ie. Direct residential or commercial property).

So if you want the chance to break free from what everyone else is doing, and get ahead of the pack, talk to us about the suitability of a self-managed superannuation fund for you and your circumstances.

More about Self-Managed Super

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What our customers say

Logo for Michael Gray
Duncan Melbin’s firm first became the business accountants for Exploration Data Services, and my Family, when he was still a Graduate Accountant some 24 years ago. Myself and my late business partner have followed him ever since!

In the early days Duncan was very proactive in regards to fine tuning our business structure and the benefits of getting the structure right early are still flowing today.

Throughout my time working with Duncan he has played a key role in ensuring our tax affairs have always been in order and our tax obligations have always been minimised and well managed.

Duncan has also played a key role in ensuring my Family and I have adequate wealth protection in place and that we have maximised our wealth creation including through a regular superannuation contribution strategy and the use of a self-managed super fund that keeps us engaged, in control and to a large extent free from the perils of the GFC.

More recently we took the opportunity to outsource our entire back office accounting function to CapitalQ including switching our accounting and invoicing to Xero. I now spend barely any time at all on my monthly accounting and Activity Statement lodgements, as CapitalQ have it all in hand. This allows me to focus on running my business better, and frankly to have more time to enjoy the spoils of a life in business.

I work closely with Kapil Bhasin, our Client Manager, and Peter Melbin, our outsourced Bookkeeper, and they are clearly very valuable assets for CapitalQ.

Working with Duncan, Kapil and Peter is very easy, they respond promptly to any queries I have and most importantly I have complete trust in the advice they give me and that my business affairs are being well looked after. I would recommend CapitalQ to any potential client without reservation.

So if you own a small business or are looking to grow your wealth I highly recommend you speak to the CapitalQ Team. They will give you good advice, and ensure you are on track for a sound business and financial future (and outsourcing your back office accounting process to them, and switching to Xero, will be two of the best business decisions you will make).

Michael Gray

Director - Exploration Data Services (Perth)

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