Forman Financial Services

Self Managed Super Funds

Other Services

Our Unique One Stop Approach for SMSFs

Superannuation is about good investment combined with tax effectiveness.  Self managed super funds allow you to maximise these benefits. Our access to high quality investment research together with holding our own Australian Financial Services Licence, allows us to tailor an investment portfolio to your individual needs. Added to that is our tax agent and accounting services which will allow you to enjoy the full benefits of superannuation.

Your adviser Solomon Forman is highly experienced and is the author of the well regarded book ‘Securing Your Retirement Dreams’.  In addition to holding the degree Master of Commerce (Financial Planning) and CFP, he is also an accredited SMSF Specialist Adviser and SMSF Specialist Auditor.

Our combined expertise will allow you to enjoy your retirement.

Investment Advice from an SMSF Specialist

We offer an extensive range of investment strategies utilising our financial advice expertise:

♦ Buying an investment residential property outright or by borrowing
♦ Buying a commercial property outright or by borrowing
♦ Buying an industrial property outright or by borrowing
♦ Buying shares directly or with leveraging
♦ Buying properties in partnership with other self managed super funds
♦ Buying properties in partnership with others
♦ Investing in managed funds
♦ And many other investment options.

Investment Dealing

Managed Fund
Holding our own AFSL and subscribing to managed fund research allows us to buy the SMSF range of managed funds, Australian and International.  As we provide an inclusive package of all services, you will save on brokerage.

Direct Shares
We also hold a stockbroking facility and access to share research.  Again, as we provide inclusive packages of all services you will save on brokerage.

Other Investments
The key factor when it comes to investing with the self managed super fund is the full understanding of the legislative requirements.  A very complex investment strategy can be executed very simply using a self managed super fund if its set up correctly.  On the other hand, even a simple investment placed in a self managed super fund incorrectly can lead to a breach of the law and can result in severe tax penalties.  Therefore when it comes to self managed super fund investments, knowledge and experience is key.

As a specialised SMSF investment adviser, we have the knowledge and experience you can rely on.

We offer meticulous SMSF administration services. One of the biggest risks when it comes to self managed super fund investments is to have partial knowledge of the statutory requirements. Unlike life, common sense cannot be the guidance to the legal requirement. A seemingly trivial matter overlooked can be the factor to trigger a non compliance outcome which can result in an adverse outcome and financial losses due to high penalties and taxes. Being a highly experienced and knowledgeable SMSF adviser, we establish administrative systems that cover all regulatory requirements.

Trust Deed
The SMSF Trust Deed is the foundation base and has to be established correctly. A SMSF with a complex structure in investment strategies needs a top quality Trust Deed that ensures that the fund will not face a negative outcome. On the other hand, a simple fund may just require a simple Trust Deed which will reduce the costs. When we assess the required Deed, we take into consideration the complexity of the fund structure investment and match the Trust Deed to it. (SMSF can always update the Trust Deed if needed.)

One of the main purposes of a super fund is to provide retirement benefit which can be paid in the way of a pension. Our services will include establishing the pension when required. There are some strategies like transition to retirement which allow one to use a pension in the way of increasing savings to retirement in a tax effective way, and we also establish those types of pensions as required.

As a knowledgeable and experienced SMSF adviser, we will advise you on when and how you can withdraw a lump sum out of your SMSF.

Accounting – Tax Return and Statutory Requirements
We provide accounting and taxation services through our sister company, Forman Accounting Services. Please click here to view the offer.

Packages and Charges
We offer a total and comprehensive service covering all aspects of SMSF. However, some will be simple to run while others will be more involved due to the complexity of investments and structure. We therefore offer you a preliminary free meeting where we can assess the work and complexity involved and provide you with a costing.

We refer you to an independent auditor.

Contact us to discuss your SMSF requirements.