Although Self Managed Super Funds represent a great opportunity, they also require a great deal of work. Administering a SMSF is labour intensive to a degree that unfortunately many people dont realize until they are neck deep in paperwork requiring a thorough knowledge of Australian tax law and the many regulations wrapped around SMSFs.

The responsibilities of administering a SMSF and keeping the fund compliant can be difficult and complex work. Not only is there the cost of the time this requires if you make a mistake the onus is on you. Improperly filled out reports can have serious legal ramifications. In addition, the time spent doing paperwork could be better put to use researching potential investments and growing your wealth. Or living your life.

For those who would rather leave the administrative duties to the experts, Royale Capital offers our Royale Capitals Active Super SMSF Administration Service. Each super fund Royale Capital administers is assigned an Account Manager who is responsible for providing personal service to the fund. Because the compliance risks associated with self managed super funds are considerable, it is critical that your super fund administrator be a well experienced professional continually on top of all SMSF rules and regulations. That describes our Account Managers to a T.

Through this service we provide on-going, monthly, quarterly and yearly reporting that covers everything from basic maintenance of the fund, trustee and member records ensuring the funds reporting obligations to the ATO are fulfilled and done so correctly and on time; to a detailed year-end report that includes a final annual fund review as well as the preparation and compiling of all working papers. In between every required reporting obligation is handled again leaving you free to do what you do best, whether thats growing your wealth or enjoying your life or both.

It certainly bears repeating that failure to maintain compliance requirements can have serious consequences. If your fund loses its status as a complying fund, it will no longer receive concessional tax treatment. If this happens, you fund will then be taxed at the top marginal rate you can also be prosecuted for failing to obey the law.

Therefore, having expert administrative resources in place to help you manage your fund is essential.

Royale Capital is a professional, client-focused; Australian owned and operated company with a combined 20+ years experience in Self Managed Superannuation Fund administration, Financial Markets and Property Services.