Unlike standard super funds, SMSFs provide unparalleled flexibility and control over investment choices. With a SMSF, you hold the keys to shaping your financial future and making strategic decisions that align with your goals. Take charge of your super and explore the possibilities that SMSFs offer.

Unlock the true potential of your superannuation

Expert SMSF Advice on the Gold Coast

Your superannuation has been diligently working for you, but a Self Managed Super Fund (SMSF) could be the solution if you desire more control.

With an SMSF, you gain enhanced risk management, investment, retirement, and estate planning capabilities. However, seeking expert SMSF advice on the Gold Coast from Centaur Financial Services is crucial before establishing your own self-managed super fund. Maximise the potential of your superannuation with our comprehensive guidance and support.

When offering SMSF advice on the Gold Coast, we look beyond your fund; we take a holistic view of your financial position, life stage, family, and business, to develop a strategy that works best for you. We take the time to understand your current situation and where you want to be in retirement. We work with you every step of the way.

We undertake a winning six-step planning process when you meet with our advisors.

  • Discovery: Discuss where you are, set your goals and agree to terms of engagement
  • Analysis: Analyse your current financial position and identify goal-based gaps
  • Strategy: Cultivate a strategy comprising suitable products and services
  • Recommendation: Discuss the recommended strategies and your implementation plan
  • Implementation: Implement the strategies and recommendations on your behalf
  • Ongoing Advice: Review your financial plan, external impacts, and investment portfolio

The result? A successful SMSF investment strategy that arms you with the advice, education, and actions needed to maximise your returns.

Centaur Financial Services isn’t just another Gold Coast financial advice and planning firm. You’re not just another client. We get to know you to deliver a first-class service that is unmatched by our counterparts. Your success is our success; we don’t take this for granted.

Our Gold Coast SMSF advisors have a wealth of knowledge to help you maximise your superannuation nest egg. We have the experience and know-how to devise personalised SMSF investment strategies to ensure you capitalise on your fund.

You’ve already decided to set up an SMSF; why not make another by entrusting our expert Gold Coast SMSF advisors with your financial future? Whether you live on the Gold Coast, Brisbane, Sydney, or Melbourne, contact Centaur Financial Services today.

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Maximising Returns

Expert Guidance from Gold Coast Specialists

While there are numerous benefits to setting up a Self Managed Super Fund (SMSF), the true advantages can be realised when you invest in professional advice. A SMSF grants you greater control over your finances, tax-effective investments, costs, and flexibility. However, without the right guidance, you may not reap the full benefits compared to having your superannuation in a standard fund. This is where Centaur Financial Services’ Gold Coast SMSF specialists come in.

Our experienced SMSF specialists will expertly guide you through the complexities of managing an effective SMSF. We provide tailored advice and investment strategies to help you maximise your return on investment. Our goal is to support and educate you throughout the life cycle of your fund, ensuring that you enjoy the full potential of your SMSF.

Frequently Asked Questions About Self Managed Super Funds

In the right situation, SMSFs can be very lucrative. However, it’s important to understand the risks before establishing a fund. Generally speaking, SMSFs are beneficial to those with a large super balance (over $200,000), investing and legal experience, and enough time to manage a fund.

Self Managed Super Funds are just that; self-managed. Therefore, you need to have the time and expertise to do just that. If you lack either, a SMSF can be detrimental to your financial future. For this reason, many turn to expert Gold Coast SMSF advisors, such as Centaur Financial Services.

For an SMSF to be worthwhile, the general consensus is that you need to have accumulated at least $200,000 of superannuation. However, a report from The Productivity Commission found that on average, SMSFs with balances below $500,000 have lower returns after expenses and tax compared to APRA-regulated funds (a standard superannuation fund). This being said, there are times when starting balance under $500,000 may be financially beneficial and that a starting balance of $500,000 may not be helpful. It depends on your circumstances, experience, and investment goals.

To find out if you have enough money to establish an SMSF, arrange a Meeting with one of our SMSF advisors Gold Coast.

One of the main attractions of setting up an SMSF is to use your superannuation to purchase property. The incentive here is that you are only taxed 15%, which can be substantially lower than your personal tax rates.

However, you can only purchase property through a SMSF if you follow the rules.

Any property you invest in must:

  • Pass the ‘Sole Purpose Test’; whereby it is purchased only to offer members retirement benefits
  • Not be purchased by any relations of a fund member
  • Not be occupied by a fund member or fund member relations
  • Not be rented by a fund member or any fund member relations

A SMSF provides the financial freedom to invest your superannuation where and how you like, so long as it complies with the investment restrictions. In general terms, you cannot acquire assets from, or lend money to fund members or relations, and your fund cannot borrow money. However, it can invest in the following investment opportunities:

  • Australian Shares
  • International Shares
  • Residential Property
  • Commercial Property
  • Gold and Silver
  • Non-traditional assets (art, coins, antiques, collectibles, etc.)
  • Cryptocurrencies
  • Cash and Term Deposits
  • Managed Funds

It’s tempting to withdraw money from a SMSF, and you can; however, you should be aware of the penalties first. SMSF can pay benefits by means of an income stream, lump-sum figure or a combination of both, but if you withdraw money from your super fund without following the rules and regulations, you may face heavy penalties.

The ATO states, “As a trustee, if you knowingly allow illegal access to super you may incur penalties of up to $504,000 and jail terms of up to five years, or fines of up to $2.52 million for corporate trustees.”

Less-severe penalties include higher taxes or disqualification from being able to operate as a trustee of an SMSF.

It’s always best to talk to your SMSF advisor before withdrawing money from your super fund.

SMSF withdrawals can be either a lump-sum payment or a pension, where you receive periodic payments. To receive pension payments, you must first reach the preservation age, which varies depending on your date of birth. Pension payments can be either Account-Based Pension or Transition to Retirement (TTR). You can receive TTR payments as soon as you reach the preservation age; however, to receive Account-Based Pension payments, you must be over 65 or retired and have reached the preservation age.

To receive a lump-sum payment, you must meet the condition of release specified by your fund. Be mindful, though; there are tax consequences for taking $200,000 or more as a lump-sum payment.

Find out more on our Centrelink and Age Pension page.

Once you are fully retired, you can possibly live in your SMSF property if you are structured properly. You cannot, however, live in the property until you retire or reach the preservation age. And there are more conditions and aspects to think about.

For more information on SMSFs, visit the Australian Taxation Office (ATO) website.

Are you ready to take control of your SMSF and unlock its true potential?

Don’t leave your SMSF to chance. Take charge of your financial future today. Contact us to schedule a consultation and discover how our expertise in SMSF advice can help you navigate the complexities of self managed super funds with confidence and peace of mind.