Australians are now living longer and Government policy is to encourage (and compel) us to fund our own retirement. Munro Doig regularly provides advice and assistance to clients in relation to Self-Managed Superannuation Funds (“SMSF”). There are now nearly 500,000 SMSF’s in Australia. They are popular due to members having full control of their investment and their investment options; and access to significant tax concessions.

Munro Doig can assist clients with:

  • Advising on the use of superannuation and accessing associated tax concessions, e.g. in the context of receiving an inheritance or selling an investment or business
  • Establishing an SMSF, including document preparation
  • Superannuation borrowings and establishment of instalment trusts and associated advice
  • Advising on starting pensions, deciding how benefits are to be passed on at death and updating old super fund deeds
  • Advising on tax and transfer duty aspects of “related party” transactions such as selling assets to the SMSF
  • Audit issues, including dealing with the Australian Taxation Office
  • Estate planning aspects