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New licensing requirements for SMSFs

The Federal Government released the findings of the Cooper Review of superannuation on 5 July, with one of the key recommendations being that only licensed financial advisers are able to establish self-managed super funds.

What does that mean for you?

The benefit of a licensed adviser

In the past, your accountant could help you establish a fund. If the Cooper Review is accepted in its current form, only licensed advisers can perform this function. Not only that, they can give advice about what investments can and should be included. Bates Cosgrave offers both accountancy services and financial planning services, which enables us to keep your bigger picture in mind.

As licensed financial advisers, we can help you to take advantage of advice on setting up your SMSF, choosing your investments and ensuring it is tax effective.

Want to know more?

If you're considering setting up an SMSF or need some guidance on your existing fund, contact us on 02 9957 4033.

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