FAQ

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What is the definition of “Single Member Fund”?

If you are a sole member of the SMSF fund you start, it is called Single Member Fund. You will be the trustee of the fund as well. But, your fund can never have another SMSF member. It can have one other individual or

firm as the trustee.

Why Dhan SMSF Outsourcing?

We are experts in SMSF Outsourcing and here our special benefits we provide:

  1. Special 1 week turnaround
  2. Minimal costs
  3. Fund investment advice
  4. Fund taxation rebate and compliance advice
  5. Fund auditing and reports discussion and consultation

Why would I consider outsourcing?

SMSF outsourcing saves time, money and brings financial expertise at your disposal.

What does being a trustee mean?

Being a trustee means you are investing money in a fund and you will have to participate in annual SMSF audits.

Can my SMSF borrow money to invest?

Yes you can. It is called Limited Resource Borrowing Arrangement (LRBA). Talk to us and we will guide you if borrowing is a good idea for the particular investment you have in mind.

What if I want to close down the SMSF?

No need to worry in case of closing SMSF, we guide you regarding everything about the process and we perform SMSF winding for you. This means taking out all the investments you have made and bringing you your capital back

How does Dhan assist with SMSF Investment Strategy?

Though there is no prescribed format for an investment strategy as it varies from fund to fund based on, but our team assists in the following:

  1. The composition of the fund’s investments.
  2. Future contributions to the fund.
  3. Risk of investments.
  4. Cash flow needs
  5. Liquidity, etc.

Want to learn more about

setting up a SMSF? Contact our experts today at info@dhan.com.au or 1300 707 326 .

How does Dhan help with Trustees’ Administrative Obligations?

Experts at Dhan assist the SMSF account holder in meeting annual administration requirements. They also help with Special Purpose Financial Statements, including:

  1. Operating Statement
  2. Statement of Financial Position
  3. Notes to Accounts
  4. Members Statements
  5. Minutes of Trustee’s Meeting
  6. Audit Report
  7. Income Tax Return, etc.

Want to learn more about setting up a SMSF?

Contact our experts today at info@dhan.com.au or 1300 707 326 .

Is it necessary that the SMSF account holder have to be resident in Australia?

Though it is not necessary but a resident SMSF account holder receives concessional tax treatment (maximum tax payable on earning is 15%) whereas a non-resident fund is subject to 47% tax on the fund assets.

Want to learn more about setting up a SMSF? Contact

our experts today at info@dhan.com.au or 1300 707 326 .

What all Dhan’s services offer?

We at Dhan take over your troubles of managing SMSF efficiently giving you updated reports and consultaion from time to time over everything related to your account. With us you benefit in the following ways:

  1. 24*7 access to experienced SMSF administration and audit resources.
  2. Huge saving

    on the cost of administering funds.

  3. Increase your margin on SMSF.
  4. Spend more time managing your work rather than managing your SMSF account.

Want to learn more about setting up a SMSF? Contact our experts today at info@dhan.com.au or 1300 707 326 .

Should one have an operational company or small business before setting up SMSF?

No, one does not need to have an operational company or small business before setting up SMSF.

Want to learn more about setting up a SMSF? Contact our experts today at info@dhan.com.au or 1300 707 326 .

What are the advantages of having a SMSF with Dhan?

Few benefits of having an SMSF are:

  • SMSF setup and administration
  • Control over your assets within legal framework
  • Flexibility in investments
  • Tax and cost savings
  • Expert advice at every step

Want to learn more about setting up a SMSF? Contact our experts today at info@dhan.com.au or 1300 707 326 .

How can one pay the fee for SMSF services?

One can pay the fee for SMSF services in one of the following ways:

Want to learn more about setting up a SMSF? Contact our experts today at info@dhan.com.au or 1300 707 326 .

What kinds of funds are used to create a SMSF account?

Three kinds of funds can be used to transfer money or assets to create a SMSF account:

  1. Making a contribution towards the fund account.
  2. Roll over an existing superannuation benefits into the fund account.
  3. Purchase assets by the trustee of the fund account.

Want to learn more about

setting up a SMSF? Contact our experts today at info@dhan.com.au or 1300 707 326 .

Who all can have a SMSF?

Anyone can set up a Self Managed Super Fund (SMSF). Though there are certain exceptions for individuals who are insolvent, have been convicted of a dishonest act or have been banned by the Australian Prudential Regulation Authority (APRA) or the Australian Taxation Office (ATO).

Want to learn more about setting up a SMSF? Contact our experts today at info@dhan.com.au or 1300 707 326

What are the types of SMSF?

One can establish either a Multiple Member Fund or a Single Member Fund.

Want to learn more about setting up a SMSF? Contact our experts today at info@dhan.com.au or 1300 707 326

How do you ensure that my task requirements are met?

Our sole aim is to reduce operating cost of accounting firms. This is where we step in and handle all the extra work. We are professionals who will deliver the best. If you are still concerned, good, call us and let our accounting experts

solve your problem.

Who is responsible for my work?

Dhan SMSF is founded by Swarn Sandhu, who will be responsible for your work. We promise to adhere to the deadline and follow all the agreed terms of the contract.

How do I become a client of Dhan SMSF Charmer?

It is very simple. We work in the B2B domain. If you have SMSF management and SMSF accounting to outsource, you can call us right away. We have years of experience, certified CPA’s combined with affordable prices. We can handle bulk work too.

How do I remove a member of an SMSF?

Superannuation laws allow you to remove members from your SMSF, but it depends on the trust deed all of members have signed. To remove a member you need to consult an SMSF expert to expedite the process. This will ensure that all member benefits

are paid to the member being removed and the said member’s assets are also transferred out of the fund.

What is the definition of “Single Member Fund”?

If you are a sole member of the SMSF fund you start, it is called Single Member Fund. You will be the trustee of the fund as well. But, your fund can never have another SMSF member. It can have one other individual or

firm as the trustee.

Can fund members be non-Australian residents?

Yes, is possible. But for long term residence outside of Australia, the rules and regulations of fund owners are different and come with consequences as well.

Can the fund provide insurance?

Yes, SMSF is very useful if used for insurance. Your SMSF pays your insurance and you get tax deductions too. But you need to meet a SMSF advisor to choose best insurance options that your fund can provide.

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