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Our Services

SMSF Setup Procedure

Setting Up a Self-Managed Super Fund With speculation growing about the end of pension payments in the future, superannuation is likely to become the primary source of income for r...

SMSF Online Setup

SMSF Setup & Administration Made Easy With over 12 years of specialized experience in SMSF administration, we offer fast turnaround online setup services for SMSFs, alongside a...

SMSF Pension Administration

SMSF Administration A superannuation fund cannot be accessed until you retire or reach a certain age, called your preservation age. For people born prior to 1st July 1960, preserva...

SMSF Accounting Services

SMSF Accountants in Melbourne When establishing and running an SMSF, it’s important that your financial records and paperwork strictly comply with the rules and laws that are cen...

SMSF Transfer Form

Transferring your existing SMSF to iCare Super is easy and free! We will take care of the process and facilitate a quick and smooth transfer of your self-managed super fund to iCar...

Purchase Property in SMSF

Purchasing Property Through SMSF “Can I use self managed super funds for buying property?” This is one of the most common questions that our clients ask us. The simple ...

Free SMSF Setup

Free New SMSF Set Up (Individual Trustees) Trust Deed & Minutes Included Application for TFN & ABN Any bank accounts Any investments if the law allows Dedicated client service adviser No contract

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Free SMSF Transfer

Free Transfer Free “Health Check” Any Bank Accounts Any Investments if the Law Allows Dedicated Client Service Adviser No Contract

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Audit SMSF

Independent and high quality Fast, efficient and low cost Any bank accounts Any investments if the law allows No contracts

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SMSF Outsource

For financial advisers, brokers and accountants Fast, efficient and low costs Full annual compliance services (Audit included) Improve your efficiency No contract

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Welcome to iCare SMSF!

SMSF Specialist in Melbourne

Do you have or are you thinking about setting up a Self-Managed Superannuation Fund (SMSF)? Managing your own super fund gives you complete control over how your well earned money is invested. However, there are some strict rules that must be followed, which is why it’s important to speak to an SMSF adviser who can give you the right advice for you and your current situation.

iCare Super is an SMSF specialist company providing advice and assistance with SMSF in Melbourne. We offer complete compliance solutions for all SMSF trustees, giving them peace of mind for their SMSFs.

Value for Money

We pride ourselves on being a cheap SMSF administration provider, and we have achieved this by streamlining our SMSF administration processes and economies of scale. We offer the most competitive fixed fee on the market for our services, regardless of the complexity or size of your SMSF.

Our low-cost SMSF administrator can manage the below compliance work for your SMSF in Melbourne:

  • Annual financial statements
  • Annual tax return and lodgement
  • Independent audit
  • Any other SMSF work required by you

Reputable SMSF Administrator

iCare Super was established on 15 March 2012 and has become one of the most trustworthy and reputable SMSF service providers in Australia. Countless clients have shown how much they’ve valued our services by writing testimonials, product reviews and online Google reviews. Our SMSF accountants, SMSF auditors and SMSF specialists can help you setup your SMSF and prepare and lodge your SMSF tax returns. Our SMSF specialist advisor can also provide valuable taxation and compliance advice to maximise the benefits of controlling your own superannuation.

Professional Customer Service

As an SMSF specialist advisor in Melbourne, we’re committed to providing prompt and professional SMSF services to our SMSF clients. You can always get in touch with our SMSF adviser by email or phone for any SMSF technical advice and support. We can also arrange appointments for urgent matters, or you can simply come to our Melbourne office to say hi to your client manager. We will ensure that all your SMSF questions and matters are solved in a timely matter.

Why Choose Us Over Other SMSF Providers?

The benefit of using iCare Super to setup and administer your SMSF is that our accredited team members have expertise in all things related to SMSFs. Our SMSF accountants can provide vast insight into how your SMSF can be fully optimised.

We know that SMSF trustees constantly have to keep up-to-date with SMSF rules and regulations and the ever-changing financial market. As a trusted SMSF specialist, we are renowned throughout the SMSF sector for regularly engaging with our clients and assisting them with adhering to their SMSF requirements. We proactively plan out our clients’ SMSF tax strategies and other SMSF administration requirements.

Contact Us Today

When it comes to self-managed superannuation, it’s important to choose reputable SMSF providers who will provide you with the right advice. If you’re looking for an SMSF specialist in Melbourne, don’t hesitate to get in touch with iCare Super to arrange a consultation. Our qualified SMSF accountant will have a discussion with you regarding how to properly manage and get the most out of your SMSF. Give us a call on (03) 9557 4079 or submit an online enquiry today to find out what sets us apart from other SMSF service providers.

Frequently Asked Questions

What is an SMSF?

A Self-Managed Superannuation Fund, or SMSF for short, is a superannuation fund that allows people to manage their own superannuation themselves. An SMSF can only have one to four trustees. However, like a normal super fund, employer contributions still go into the fund, and the trustee can also contribute any of their own money as they see fit.

Who can start a self-managed fund?

Most people can have an SMSF set up for them. However, there are several costs related to setting up and running an SMSF, so trustees need to have a sufficient amount of money to make having an SMSF worthwhile.

When should I think about getting an SMSF?

Anyone who has over $200,000 invested in their superannuation fund should consider setting up an SMSF. An SMSF gives people more control over their investments and various tax-effective opportunities that normal super funds cannot offer.

What are the rules of having an SMSF?

  • An SMSF can only be used to provide retirement benefits to the trustee
  • An SMSF should not be used to gain early and inappropriate access to superannuation funds
  • SMSFs can borrow if certain requirements are met by the trustee
  • An SMSF can be set up to be run by individual trustees or by all the trustees
  • An SMSF can only have between one to four members
  • An SMSF must always continue and abide by its investment strategy
  • The trustee has to ensure that the SMSF adheres to Australian Taxation Office (ATO) regulations and guidelines

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Testimonials

Hello, I wish to say that I have been very satisfied with the SMSF services provided by Gavin Ma of iCare Super. From the beginning Gavin has been helpful and made things simple for me in terms of advice on SMSF setup and finance options for buyin...

- Danny Chea, Melbourne

I have no hesitation in recommending iCare Super to anyone. They are timely in their replies, offer value for money and above all else they are extremely professional in the service they provide. I feel reassured that I have them there whenever I ...

- Robert Erne, Adelaide

Hello,

I have recently changed my SMSF from my broker to iCare Super, after filling out a short online application this process could not have been simpler. iCare Super took care of everything and the administration process was straight for...

- Barry Gibbs, Brisbane

I have found the services of iCare Super very comprehensive, prompt, friendly and excellent throughout – starting from setting up the fund, thru to the audit and tax return at the end of the year. Handy one-stop shop. Highly recommended

...

- Abu Hasan Md Abdullah, Melbourne

We were attracted to use ICareSuper due the website providing easy to understand information about SMSFs and in being able to discuss easily and directly with Gavin Ma our SMSF needs.

In using ICareSuper for our SMSF we are impressed by the...

- Dennis Murphy, Yeppoon

Once the decision was made to set up my SMSF it was time to choose who was going to administer it.  After much research I decided on Icare Super.  They had an easy to understand website, upfront fee structure, there were no restrictions on accou...

- Julie Cutler, Melbourne

The first thing that I discovered about using iCare Super was that they made everything so easy for me. They were responsive to my questions and went to the trouble of explaining things so that I could easily understand what was needed.

I w...

- Paul Pacey, Sydney

4 December 2013

SMSF – ICare Super

With the help and assistance of ICare Super we were able to set up our own “Self Managed Super Fund” in 2012.

ICare Super were very helpful and made it easy.

The staff are always...

- Garth & Linda Oakhill, Mudgee

Get in touch

Latest News

ASIC Fee Increases Effective 1 July 2024

Starting 1 July 2024, ASIC will implement increased fees for various company-related services, which will remain effective until 30 June 2025. These adjustments will impact…

Maximize Your Retirement Savings: 2024/25 Superannuation thresholds Update

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Prepare to submit your SMSF Annual Return (SAR) by the deadline of 15 May.

Is your Self-Managed Super Fund's (SMSF) SAR for this financial year due by 15 May? It's crucial to appoint an auditor at least 45 days…

New Superannuation Contribution Caps from 1 July 2024

The caps for concessional and non-concessional contributions are set to increase starting July 1, 2024, as outlined below: The cap for concessional contributions will rise…

Simplifying SMSF Setup and Ensuring Ongoing Compliance for Strategic Indian Investments

iCare Super is your dedicated partner in streamlining the establishment of Self-Managed Superannuation Funds (SMSFs) and ensuring ongoing compliance for strategic investments in the dynamic…

 Based on the ATO's latest statistics on the self-managed super fund (SMSF) sector, as of September 30, 2023, there are 611,961 SMSFs. The total membership…

ASIC announces its 2024 enforcement priorities regarding Superannuation and Financial Planning

ASIC has announced 12 new priorities for 2024 as well as six "enduring priorities". Two new priorities have been added in relation to the superannuation industry, including a focus…

SMSF client to agent linking

For new SMSFs engaging a tax agent, you can submit the SMSF ABN registration form and specifying your tax agent as your representative, eliminating the…

SMSF contraventions increase during the 2023 financial year

There has been an increase in non-complying SMSF funds during the 2023 income year. This has resulted in the ATO imposing a higher number of sanctions compared…

Taxpayer alert: Diverting property development profits to SMSF

he ATO has issued Taxpayer Alert TA 2023/2: Diverting profits of a property development project to a self-managed superannuation fund, through use of a special purpose…

SMSF related-party LRBAs: ATO interest rate for 2023-24

For SMSF related-party limited recourse borrowing arrangements (LRBAs) used to acquire real property, the ATO's safe harbour interest rate is 8.85% for 2023-24 (up from…

Definition of “employee” clarified for “work test” eligibility

The Government registered the Taxation Administration (Remedial Power - Work Test for Personal Superannuation Contributions) Determination 2023.The legislative instrument (LI) modifies the operation of s 290-165(1A)…

Personal transfer balance caps displayed from 11 July

Individuals will have a personal transfer balance cap between $1.6 and $1.9 million based on the highest ever balance of their transfer balance account between…

Personal super contributions: deduction work test modification

The ATO has released a Draft Legislative Instrument proposing to use the Commissioner's remedial power (CRP) to modify the "work test" under s 290-165(1A) of…

Compulsory quarterly transfer balance reporting

The ATO reminds from 1 July 2023, self-managed super fund (SMSF) must report certain events that affect members transfer balance account quarterly. Trustees report these events…

Superannuation rates and thresholds for 2023-24

In accordance with Subdiv 960-M of the ITAA 1997, the Australian Bureau of Statistics has calculated the following superannuation rates and thresholds for 2023-24: CONTRIBUTIONS…

30% Tax on Earnings for Super Balances Exceeding $3 Million from 2025

The governments has confirmed that the government will implement a 30% tax on earnings for super balances exceeding $3 million from 2025. After weeks of…

The SMSF Sector Has Shown Continued Growth

The latest ATO's annual statistics reveal that the self-managed super fund (SMSF) sector in Australia is experiencing continuous growth. The ATO's 13th edition of the…

Can an SMSF Buy a Farm from a Related Party?

An SMSF can buy a farm from a related party, but it must comply with the rules and regulations set out by the Australian Taxation…

Can a SMSF Buy a Farm and Lease It to a Related Party?

Self-Managed Superannuation Funds (SMSFs) are becoming an increasingly popular choice for Australians who want greater control over their retirement savings. SMSFs offer a range of…

What are the Matters or Issues You Should Consider When Setting up a SMSF?

When setting up a self-managed superannuation fund (SMSF), there are several matters or issues that should be carefully considered. Here are some key considerations to…

Can I Set Up a SMSF by Myself?

Yes, you can set up a self-managed superannuation fund (SMSF) yourself, but it is important to understand that there are legal and financial obligations that…

What is the minimum amount to set up a SMSF?

A Self-Managed Super Fund (SMSF) is a type of superannuation fund that allows you to take greater control of your retirement savings by giving you…

Pension transfer balance cap $1.9m for 2023-24

The release of the CPI index number for December 2022 has confirmed that the superannuation "general transfer balance cap" will increase by $200,000 to $1.9m for 2023-24…

ATO alert: SMSF compliance risks with asset protection schemes

Certain schemes involving asset protection arrangements are on ATO radar as they present a compliance risk for SMSFs. The schemes concerned with claim to protect SMSF assets…

Super fund NALE rules – Govt discussion paper released

The Government has released a consultation paper on options to amend the non-arm's length expense (NALE) provisions for superannuation funds to ensure they operate as intended. The…

Reduction in eligibility age for downsizer super contributions

The eligibility age for downsizer super contributions has been reduced to 55, with effect from 1 January 2023. The measure was implemented by the Treasury Laws Amendment (2022…

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