What you should know about SMSFs

Taking control of your super has a range of advantages, but it also means stepping up the responsibility of your retirement funds which can take time and effort. 

Did you know your accountant cannot audit your self-managed super fund (SMSF) if they have prepared the tax return and the financial statements of the SMSF?  This is because auditing standards require an independent auditor to do the task, and ATO and ASIC take this seriously. 

So, it’s worth investing in a SMSF auditor who is ASIC registered.

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