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SMSF Taxation

Expert advice for easy compliance

Maximise the return of your SMSF

SMSF’s are the fastest growing sector in the superfund industry – for good reason! When managed well, SMSF’s give you far greater investment control and the potential to outperform industry funds.

One critical aspect of having a SMSF is being able to handle taxation in the most efficient way possible. Maximising your contributions to super can be a great way to reduce your tax bill, but it is important to have expert advice as SMSF tax law can be complicated.

At Excel Financial Solutions we can advise on maximising tax deductions for your superfund, like setting up your life insurance policies through the SMSF. Our team are experts when it comes to setting up the best SMSF entity structure for tax benefits, and can advise on how to best manage concessional and non-concessional super contributions so you can get the most out of your money in the long run.

Tax law is a moving landscape – especially for SMSF’s

A self managed super fund involves a lot more responsibility for you as a director – this means being aware of legal regulations and making sure you are always compliant. SMSF’s legally need to be audited every year and breaches in compliance can lead to being reported to the ATO, and sometimes deregistration for the fund.

Tax law moves fast, and keeping up to date can be a headache for SMSF directors. At Excel Financial Solutions, our accounting and auditing team are experts in the field and are always staying on top of legal changes. If you are considering moving to a SMSF or already have one set up, it is important to talk with a SMSF expert. We can let you know about any upcoming legal changes, or any grey areas of compliance that your SMSF may need to address.

Having an expert in your corner, keeps you on the right side of the ATO and ensures your SMSF can keep delivering you consistent results over time.

Our Services Include:

SMSF accounting and administrative requirements can be overwhelming for directors who have not been advised or have not sought out expert advice.

The team at Excel Financial Solutions specialises in all SMSF accounting services including:

  • Compliance paperwork
  • Pensions
  • Accounting
  • SMSF tax returns
  • Financial statements
  • Audit and actuarial requirements

Did You Know?

As of 2017, the ATO reported that there are about 600,000 SMSF’s in Australia with a total of over $700 billion in assets.

Most SMSF’s carry a mix of assets including cash, stocks and property – meaning that tax time can be quite complicated.

Superannuation has the lowest tax rate in Australia: one of the best tax minimisation strategies you can go for is to maximise superannuation contributions.

The chart shows the typical asset allocation across SMSF’s in Australia.

Our Services

Excel Financial Solutions can assist you to secure your financial future and build wealth.
Find out what we can do for you – contact us for a free consultation today.