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DIY Super For Dummies, 3rd Australian Edition by Trish Power

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Chapter 10

Finding a Fund Administrator, or Not

In This Chapter

arrow Taking a look at SMSF administration tasks

arrow Separating SMSF fiction from super facts

arrow Deciding whether to go solo or call in the super troops

arrow Delegating all, or part, of your fund’s CART obligations

arrow Approaching the tax experts

arrow Recognising that retirement means more SMSF administration

A s a self-managed super fund (SMSF) trustee, the question you need to ask is: Who is going to steer your super CART? CART is an acronym I coined to help you get your head around the mandatory aspects of running a DIY super fund — that is, your Compliance, Administration, Reporting and Tax management responsibilities.

One of the biggest decisions you need to make when running a SMSF is whether you steer the entire CART yourself, or you delegate all or just part of your workload to a professional administrator, an accountant, or to another ...

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