A SMSF is perfect for the DIY investor who prefers to make their own investment choices for their investment. The benefits of SMSFs is that they allow you to invest directly in your own chosen combination of investments: for example, shares, property, fixed interest investments, managed funds and cash, and in certain circumstances, also business real property (commercial property).

When considering whether an SMSF is right for you, you will need to take into account a number of factors. These include the cost of the fund, the legal and compliance obligations required, the structure of the fund, the number of members, the trustees, the need for an investment strategy, annual audit, taxation requirements and the list goes on!

Provida’s financial planners will help you to determine whether an SMSF will suit your particular needs and circumstances.

The team at Provida will take care of every aspect required to establish your self managed super fund and purchase an investment property quickly and effectively.

Our Services include

  • Set-up of a self managed super fund, including preparation of a complying trust deed and limited recourse loan agreement that allows your fund to borrow
  • Registration of Australian Business Number (ABN) and Tax File Number (TFN)
  • Lodgment to ATO to become a regulated super fund
  • Appointment of trustees
  • Lodge ATO trustee declarations
  • Prepare minutes from trustees meetings
  • Open SMSF Bank Account
  • Preparation of SMSF Investment Strategy
  • Establishment of all member insurances including life insurance, income protection and Total & Permanent Disability (TPD), Critical Illness/ Trauma if necessary
  • Full financial assessment and statement of advice – determine serviceability, super assets available, purchase price and property investment strategy
  • Detailed property investment cash flow and projections
  • Establish bare trust
  • Establishment of nominee company to act as security custodian
  • Review your loan documents
  • Establish binding death benefit nominations
  • Rollover super balances of all members
  • Establishment of corporate trustee company with all members being directors
  • Submit loan application and supporting documents for loan pre approval with appropriate lender