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Self Managed Superannuation Fund (SMSF) Basics

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About Course

This course demystifies the inner workings of SMSFs, covering everything from fundamentals to the nuanced administrative and legal responsibilities.

Learn how to develop and manage a diverse, robust portfolio tailored to your lifestyle needs and retirement objectives. Discover how to effectively monitor fund performance, stay updated on the regulatory landscape, and make informed decisions to optimise your super balance.

We also emphasise the importance of risk management in managing an SMSF and include practical advice on compliance, auditing, and the legal responsibilities of an SMSF trustee.

Whether you’re considering setting up an SMSF, are a new trustee, or simply seeking to boost your superannuation knowledge, this course harnesses a wealth of expertise to guide you through the intricacies of SMSFs.

No prior knowledge is necessary, just the desire to take control and actively manage your superannuation benefits. Embark on this journey of financial empowerment and make your super work for you.

Secure your future, one investment at a time. Welcome to the SMSF Basics Course.

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Course Content

SMSF
Are you interested in gaining a solid understanding of Self Managed Super Funds (SMSFs)? Our SMSF Basics Course is designed to provide you with essential knowledge to navigate the world of SMSFs with confidence. In this comprehensive course, you will learn about the fundamental concepts and key aspects of SMSFs. Starting with an overview of what SMSFs are, we delve into the establishment process, including the necessary legal requirements and registration procedures. We cover the roles and responsibilities of trustees, the importance of trust deeds, and the decision-making framework for SMSF investments. Our course also explores the compliance obligations and regulatory guidelines specific to SMSFs. You will gain insights into the reporting and auditing requirements, as well as understand the importance of keeping accurate records and meeting tax obligations.

  • Quiz: SMSF basic knowledge test
  • Annual Obligations
    00:00
  • Quiz: Annual Obligations
  • What’s involved with an SMSF
  • Quiz: What’s involved with an SMSF
  • You can’t do it all yourself
  • Quiz: You can’t do it all yourself
  • Loans and early access
  • Quiz: loans and early access
  • Investment strategy
  • Quiz: investment strategy
  • Planning for the unexpected (relationship breakdown, incapacity, death)
  • Quiz: planning for the unexpected (relationship breakdown, incapacity, death)
  • Trustees – individual or corporate
  • Quiz: trustees – individual or corporate
  • Trustee declaration
  • Quiz: trustee declaration
  • Arm’s length
  • Quiz: Arm’s length
  • Setting up your SMSF
  • Quiz: Setting up your SMSF
  • Retirement and conditions of release
  • Quiz: Retirement and conditions of release
  • Planning for retirement
  • Quiz: Planning for retirement
  • In-house assets
  • Quiz: In-house assets
  • Borrowing and limited recourse borrowing arrangements
  • Quiz: Borrowing and limited recourse borrowing arrangements
  • Why do I want an SMSF
  • Quiz: Why do I want an SMSF
  • Record keeping in your SMSF
  • Quiz: Record keeping in your SMSF
  • When should I wind up my SMSF
  • Quiz: When should I wind up my SMSF
  • Business real property
  • Quiz: Business real property
  • What happens when a member dies?
  • Quiz: What happens when a member dies?
  • What happens if your fund breaches the law?
  • What happens if your fund breaches the law?
  • The annual audit
  • The annual audit
  • Related party transactions
  • Quiz: Related party transactions