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Self Managed Super Fund (SMSF) Advice & Set-Up Services

Self Managed Super Fund (SMSF) Advice & Set-Up Services


Let us take this opportunity to advise of another significant development at Carrazzo Consulting relating to providing cutting edge Self-Managed Superannuation Fund (SMSF) services.

 

This is significant, as many Australians are now looking to take control and become more involved in their superannuation. SMSFs hold approximately one‐third of the total superannuation funds and are often the preferred choice for people who are highly engaged with their superannuation and retirement planning.

 

Benefits of having your own SMSF include, but are not limited to:

 

  • Investment choice/control of funds;
  • SMSFs can now borrow to invest;
  • Tax minimisation;
  • Asset protection;
  • Minimise transaction costs: brokerage, buy/sell, and CGT spread costs; and
  • SMSFs offers more benefits, control and flexibility over a member’s estate plan.

 

Now…some background to this Carrazzo SMSF service development. From 1 July 2016, Accountants in practice were no longer able to provide specialist advice regarding the set‐up and running of Self‐Managed Superannuation Funds (SMSFs) unless they were appropriately licensed under the Corporations Law.

 

Accordingly, unlicensed advisors can only provide “factual information” in relation to SMSFs and that, unfortunately, was it! This was very limiting as it follows that providing only factual information cannot:

 

  • provide features and benefits of a particular financial product (i.e. SMSFs); or
  • be directly related to how it applies to the client’s situation, and whether it may benefit the client or not.

 

To work within the new licensing provisions and ensure we could provide comprehensive SMSF advice, many of our team (including Paul Carrazzo) have recently completed the special “RG146” accreditation course required by ASIC and now can provide these services re SMSFs. In addition to RG146, Paul Carrazzo also a CPA Australia accredited Financial Planning Specialist (FPS).

 

This gives us a clear advantage over many “unlicensed” Accounting firms, so don’t go elsewhere if you need SMSF advice and set‐up services.

 

Carrazzo Consulting has chosen to be authorised through the NTAA supported SMSF Advisers Network Pty Ltd (ABN 64 155 907 681) – the holder of an Australian Financial Services Licence (No 430062). The SMSF Advisers Network (www.smsfadvisersnetwork.com.au) supports our practice to provide advice to you regarding your superannuation and in particular, your Self-Managed Superannuation Fund. 

 

The SMSF Advisers Network representatives in our practice are:

 

Paul Carrazzo – AR Number: 250868

Carmel Filippone – AR Number: 401678

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