FAQs
Is it possible to have an SMSF with only
one member?
Yes.
It is possible to have an SMSF with only one member.
If the single member fund has a corporate trustee, the member
must:
- be the sole director of the trustee company; or
- be related to the other director of the trustee company
and there are only two directors of that company; or
- not be an employee of the other director of the trustee
company and there are only two directors of that company.
If the single member fund does not have a corporate trustee,
the fund must have two individuals as trustees. The member
must be the trustee with:
- another person who is a relative of the member; or
- any other person provided the member is not an employee
of that person.
Does SuperHelp provide investment advice?
SuperHelp does not provide any investment advice. You will
need to consult a financial adviser.
Does SuperHelp put Restrictions on
Investments?
No. You can use any bank of your choice. You can invest
through a broker you are happy with. You can invest in
anything that is allowed by the Superannuation Law. We
do not place any restrictions on your investments.
Who owns SuperHelp?
We are an independent firm in that we are not owned by or
affiliated with banks or other financial institutions.
SuperHelp is proudly owned by its employees.
How come your fees are so low?
We constantly seek to minimize our costs and overheads so
we can pass on the benefits to you.
- We specialize in SMSF. We use well refined, standard procedures
thereby maximizing the efficiency of our work. Improvement
in our efficiency will mean lower cost for our clients.
- We use technology extensively to
minimize errors and improve
efficiency. This saves time and reduces costs.
- Our accountants and auditors solely perform their accounting
duties without having to do administrative work such as
collecting information or client contact services thereby
increasing productivity.
- Our offices are located away from the city CBD area and
therefore we do not pay high rents.
Does SuperHelp send work overseas?
No. All work is done by our staff in Sydney.
How long does it take to receive the setup kit?
We will mail your setup kit within 3-4 working days of
receiving your order and the payment.
How long does it take to do the End of Year
Administration?
End of Year Administration consists of
- Accounting,
- Auditing
- Preparation and
lodgement of Tax & Regulatory Return with the ATO.
In most cases, our work will be completed in 4-6 weeks
from the time we receive all your documents.
Some delays will be experienced, on rare occasions, if we do not receive all the
information required to complete the work.
What happens to the documents sent to SuperHelp
for EOY Administration work?
All documents sent to us for EOY Administration such as
Bank Statements, Trust Deed, invoices, and other financial
statements will be returned to you after the work is
complete.
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