We are a firm of accountants and not financial advisers. DIY Super Fund as per corporations law is a financial product, we do not provide any financial product advice or recommend that a DIY Super Fund is suitable to you.
We are tax agents and DIY Specialist accountants and ASIC approved Self Managed Super Fund auditors, we are not licensed to provide any personal financial advice. We follow the best interests of our clients under ASIC's Regulatory Guide 175.214 and taxation is only one of the matters that must be considered when making a decision to set up a Self Managed Super Fund.
We can provide advice and factual information about DIY Super Fund under SIS Act & Income tax act on
We may at times give some broad asset class advice and provide some general advice (without any remuneration) which is not intended to influence you in making a decision in relation to a particular financial product or an interest in a particular financial product. This advice should not be construed as particular financial product advice or personal advice, this advice may be given under exemptions contained in Corporate Regulation 7.1.33G.
We can provide advice relating to tax implications of investing in various Asset Classes, such as cash Vs shares Vs property Vs superannuation. Cash flow benefits of a various types of pensions, but we cannot advice that you dispose an existing super account to start any such income stream. We can advice on the tax benefits of using the various small business CGT concessions in so far as they relate to making contributions to super and taxation consequences of participating in a share buyback with a high franked dividend etc.
We can provide advice relating to tax implications of investing in various Asset Classes, such as cash Vs shares Vs property Vs superannuation. Cash flow benefits of a various types of pensions, but we cannot advice that you dispose an existing super account to start any such income stream. We can advice on the tax benefits of using the various small business CGT concessions in so far as they relate to making contributions to super and taxation consequences of participating in a share buyback with a high franked dividend etc.
We may identify your generic insurance needs, for example, insuring your DIY Super Fund property or life of members or generic financial products or classes of financial product that will mitigate any risk.
On your instructions, we can assist you in ordering a Trust Deed and apply for registration of your DIY Super Fund with the ATO or help you, once you have decided to transfer, any transfer any asset, rollover to your DIY Super Fund simply as an administrative task.
If we refer you to any financial planner or advisor and that planner pays us a share of for any financial advice given or commission received for investment in any financial product, we will advice you in writing before we refer you of our arrangement with the financial advisor.
I agree that no principal or any staff member of Abichandani & Associates Pty Ltd trading as "advisorwebsite.com.au" has
I have taken advice from a financial advisor who holds an Australian Financial Services Licence (AFSL) and / or conducted my own research in making a decision to set up a Self Managed Superannuation Fund
I understand that once I set up my own Self Managed Superannuation Fund, I as trustee will be responsible for my superannuation fund and I have read all my administrative functions and duties as a trustee and all investment restrictions as detailed in the ATO trustee declaration form.
By clicking the button below "I ACCEPT, SETUP SMSF NOW" and providing my personal information of all members of the proposed DIY Super Fund on the online form, I am instructing Abichandani & Associates Pty Ltd and their principals and staff to provide administrative task of establishing an Self Managed Superannuation Fund as defined in 17A of SIS Act for me.
I understand that as a director of the corporate trustee of (name of the fund)
I understand it is my responsibility to ensure the fund is only maintained for the purpose of providing benefits to the members upon their retirement (or attainment of a certain age) or their beneficiaries if a member dies. I understand that I should regularly evaluate whether the fund continues to be the appropriate vehicle to meet this purpose.
I understand that by law I must at all times:
I also understand that by law I must prepare, implement and regularly review an investment strategy having regard to all the circumstances of the fund, which include, but are not limited to:
I understand that, as a director of the corporate trustee of the fund, subject to certain limited exceptions specified in the law, I am prohibited from:
I understand that I can only accept contributions and pay benefits (income streams or lump sums) to members or their beneficiaries when the conditions specified in the law and the fund trust deed have been met.
I understand that the trustees of the fund must:
By signing this declaration I acknowledge that I understand my duties and responsibilities as a director of the corporate trustee of the self-managed superannuation fund named on this declaration (or if the fund’s name changes, that name). I understand that: