Self-Managed Super Funds (SMSFs) are a popular way to take control of your retirement savings, but they come with significant responsibilities and complex legal requirements. At Foye Legal, we offer expert assistance with all aspects of SMSF setup, administration, and compliance. In these important financial planning matters, the right lawyer is everything for achieving the best outcome.
The Australian Taxation Office (ATO) closely monitors the setup and administration of SMSFs, making it essential to establish your fund correctly and maintain compliance. With over 500,000 SMSFs in Australia, proper setup and administration are critical to avoiding penalties and ensuring your fund performs as intended.
At Foye Legal, we:
Borrowing within an SMSF involves navigating a range of legal areas, including superannuation law, conveyancing, banking, trusts, and stamp duty. Non-compliance with these laws can result in significant tax penalties.
At Foye Legal, we have extensive experience in SMSF borrowing and can assist with:
In NSW and some other states, business real estate held personally can be transferred into your SMSF with minimal stamp duty. These transactions must be handled with precision to ensure compliance and avoid costly errors.
Our services include:
We provide expert advice on:
When setting up a new SMSF, we:
Compliance is critical and must be documented thoroughly to avoid penalties.
Planning for what happens to your SMSF upon your death is vital to protecting your family’s inheritance. SMSF wills:
SMSF wills are cost-effective and an essential part of estate planning for SMSF trustees.
If the ATO initiates an inquiry into your SMSF, it is critical to have experienced legal representation to protect your interests.
At Foye Legal, we:
With extensive experience in SMSF setup, borrowing, property transfers, and compliance, Foye Legal provides comprehensive support tailored to your unique circumstances. Our team ensures that your SMSF operates within the law, giving you confidence in your retirement planning.
Seeking legal assistance early gives you control over your situation, helping you avoid complications and manage costs effectively. This guide provides practical tips, checklists, and key insights to help you confidently navigate legal processes to secure the best possible outcome.
Your first consultation is vital in safeguarding your interests and laying the foundation for the best possible outcome. At Foye Legal, we value the trust you place in us and are committed to providing clarity, strategy and unwavering support from day one.
A Self-Managed Superannuation Fund (SMSF) is a private superannuation fund that you manage yourself, rather than relying on a retail or industry super fund. SMSFs allow members to have greater control over investment decisions and strategies but also come with strict legal and compliance responsibilities.
Key requirements include:
Legal advice ensures your SMSF is set up correctly and remains compliant with all regulations.
Yes, under specific conditions. SMSFs can borrow money to purchase property through a Limited Recourse Borrowing Arrangement (LRBA). Key considerations include:
Legal guidance is essential to ensure the borrowing arrangement is compliant and aligned with your SMSF strategy.
Managing an SMSF comes with risks, including:
Obtaining legal and financial advice ensures you understand these risks and manage your SMSF effectively.
At Foye Legal, we provide comprehensive legal services for SMSFs, including:
Send us your enquiry here or give us a call on 1800 996 994
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3/1 MEMORIAL DRIVE SHELLHARBOUR CITY NSW 2529
LEVEL 3, 63 MARKET STREET WOLLONGONG NSW 2500
contact us to make an appointment
3/1 MEMORIAL DRIVE SHELLHARBOUR CITY NSW 2529
LEVEL 3, 63 MARKET STREET WOLLONGONG NSW 2500
contact us to make an appointment
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