Practice area
SMSF set-up, administration, advice and audit
Everything a self-managed super fund needs, from deciding whether one suits you to its yearly independent audit, with each job done by the business that specialises in it.
On this page
About SMSF
A self-managed super fund (SMSF) is a private super fund with up to six members, who are usually also its trustees. It gives you control over how your retirement savings are invested, and with that come legal responsibilities: the fund must be run only to provide retirement benefits, keep proper records and be audited every year.
Different businesses in the group look after different jobs. Wealth Mantra’s advisers help you decide whether an SMSF suits you and set its investment strategy. SMSF Genius and Business Mantra Accountants set up the fund. Business Mantra Accountants prepares the yearly accounts and tax return, and SMSF Genius provides independent SMSF audits online, for trustees and for accountants.
The audit must be independent of whoever prepares the fund’s accounts. Ask how that independence is checked for your fund before the audit begins.
Our SMSF services
SMSF setup
Establishing a self-managed super fund, its trust deed and corporate trustee.
Delivered by SMSF Genius
SMSF accounting, administration & tax returns
Annual accounts, administration and tax returns for your self-managed super fund.
Delivered by Business Mantra Accountants
SMSF advice
Advice on whether an SMSF suits you, and on running and investing through one, from Wealth Mantra’s licensed advisers.
Delivered by Wealth Mantra
SMSF audit
Independent annual SMSF audits for trustees and accountants, subject to auditor independence rules.
Delivered by SMSF Genius
When to talk to us
You’re thinking about an SMSF
You want to know whether it suits your balance, your time and your goals.
You’ve decided to set one up
You need the trustee, trust deed and registrations done correctly.
Your fund’s yearly work is due
The accounts, annual return and audit need to be done.
You’re an accountant
You want to send your clients’ SMSF audits to an independent auditor.
You want to buy property in super
You need advice on the rules before you act.
How it works
Is an SMSF right for you?
Advice on whether an SMSF suits you, and the fund’s investment strategy, from Wealth Mantra.
Setting up the fund
The trustee, trust deed, ATO registration and bank account, with SMSF Genius and Business Mantra Accountants.
Yearly accounts and tax
Financial statements, member statements and the SMSF annual return, from Business Mantra Accountants.
Independent audit
Every year an approved SMSF auditor, independent of whoever prepared the fund’s accounts, checks the fund before the annual return is lodged. SMSF Genius audits funds online for accountants and trustees.
Who delivers it
SMSF Genius
Online SMSF audit, plus SMSF setup
An online SMSF audit service for accountants and trustees, with SMSF setup support.
Delivers SMSF setup and SMSF audit
Business Mantra Accountants
Chartered accountants and business advisors
A Perth accounting and business advisory practice covering accounting, tax, advisory and CFO services, plus an in-house business technology team.
Delivers SMSF accounting, administration & tax returns
Wealth Mantra
Financial planning, super and retirement
A Perth wealth-management firm specialising in financial planning and superannuation, working alongside clients’ accountants.
Delivers SMSF advice
Good to know
Trustees are responsible
Every trustee is responsible for the fund following the law, even when others help run it. New trustees sign an ATO trustee declaration.
The sole purpose test
An SMSF must be run only to provide retirement benefits to its members, or to their dependants if a member dies.
An independent audit every year
The auditor must be registered with ASIC and independent of the fund’s accounts, and must be appointed at least 45 days before the annual return is lodged.
Questions about SMSF
Can’t find your answer? Ask us and we’ll pass your question to the right business.
Answers are general information, not personal advice.
Insights
Guides from the group’s specialists
SMSF
The Complete SMSF Trustee Compliance & Audit Guide: ATO Rules, Investment Strategy, and Auditor Independence
What SMSF trustees must do each year: the sole purpose test, an investment strategy, the choice of individual or corporate trustee, and an audit by an independent approved auditor.
SMSF Genius · 4 min read
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Important information
General information only: it does not take your personal circumstances into account.
Services described here may be subject to eligibility, professional registration or licensing requirements. Confirm the relevant scope and documents directly with SMSF Genius, Business Mantra Accountants, Wealth Mantra before proceeding.
Next step
Need advice inSMSF?
Start with a conversation and we’ll connect you with SMSF Genius, Business Mantra Accountants and Wealth Mantra.
