Making Your SMSF Investment Strategy a Breeze

Do you have a self-managed superannuation fund (SMSF)? Superannuation laws require that you prepare and implement an investment strategy. Stressed? Don’t be, because Beyond Advisors makes creating and managing your SMSF strategy easy.

What is an SMSF investment strategy?

Your SMSF is a private superannuation fund that you manage yourself. If you have an SMSF, then you need an investment strategy.

The strategy is your game plan – it lays out your plans to keep consistency in making, holding and realising assets in line with your investment objectives and retirement goals. Your SMSF also needs to include how and why you’ve chosen to invest your retirement benefits to meet your goals.

Unfortunately, this strategy isn’t something you can avoid if you’ve chosen to have a self-managed superannuation fund. It’s not one and done, either. It’s required by law to not only create and implement your investment strategy, but to review it at least annually, or whenever changes in your personal circumstances require revisions to your SMSF.

What can we do to help?

As accountants, we are not legally permitted to prepare the investment strategy for clients. However, if your fund is in need of an investment strategy, we’ve created a solution to ease the process.

Beyond Advisors provides access to an investment strategy toolkit that enables you as trustee to review and prepare the fund’s investment, ensuring you meet your legal requirements at a cost of only $330.

In forthcoming years, if no changes have occurred, we can help you can generate a trustee minute detailing that you’ve reviewed your investment strategy of your SMSF and there is no change for $110.

Interested? Contact us about accessing your toolkit by requesting a call on our website or sending us a message here:

Changes to Superannuation 2021/2022

As many are already aware, the Superannuation Guarantee rate increased to 10% on 1 July 2021.

Were you also aware that the annual concessional (deductible) contributions and non-concessional (non-deductible) contributions caps also increased? Check out the superannuation changes below.

  • Concessional contributions increased from $25,000 to $27,500 p.a.
  • Non-concessional contributions increased from $100,000 to $110,000 p.a. (the three-year bring-forward rule allows for $300,000 of non-concessional contributions.)

The carry-forward unused concessional contributions rules still apply this year for those who are interested in contributing more to superannuation.

These rules allow taxpayers with superannuation account balances of less than $500,000 to contribute any unused cap amount from 2018/2019 onwards.

Example: Fred, who had less than $500,000 in superannuation, had concessional contributions paid into superannuation in 2020/2021 of $15,000, therefore he can contribute the unused cap amount of $10,000 together with $27,500 in the 2021/2022 year.

(Please note that the above information is provided as tax advice. You should seek investment advice before making superannuation contributions.)

Don’t waste time with creating your investment strategy alone, contact Beyond Advisors to gain your toolkit. Or sign up to Beyond Advisors mailing list below to receive business strategy insights, future superannuation changes, and more.

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