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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

Trustworthy SMSF Setup Company iCare Super has been setting up SMSFs since 2012, with thousands of SMSFs set up since. We are one of the most reputable SMSF establishment service p...

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!

Specialist SMSF Administration Provider

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 of 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 expert to give you the right advice.

iCare Super is an SMSF specialist company. We offer complete compliance solutions to all SMSF trustees to give them peace of mind about their SMSFs.

Value for Money

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

We are proud to be a low cost SMSF administrator who can manage the below compliance work for your SMSF:

  • 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 the most trustworthy and reputable SMSF service providers in Australia. Our clients have valued our services by offering testimonials, product reviews and online Google reviews. We are SMSF accountants, SMSF auditors and SMSF specialists who can not only help you prepare and lodge your SMSF tax returns, but also provide valuable taxation and compliance advice to maximise all the benefits of controlling your own superannuation.

Professional Customer Service

Our team are committed to providing prompt and professional SMSF services to our SMSF clients. You can always contact us 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?

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 SMSF. Our SMSF accountants can provide clients with vast insight into how their SMSF can be fully optimised.

We understand that SMSF trustees constantly have to keep up-to-date with SMSF rules and regulations and the ever-changing financial market. We are renowned throughout the SMSF sector for relentlessly 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

If you’re looking for SMSF specialists 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.

Frequently Asked Questions

What is an SMSF?

A Self-Managed Super 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

I have been very happy with iCare Super. All of my enquiries and questions have been answered promptly, my tax return was lodged on time, and even though I am in Sydney it was a very simple process to get my annual tax return and audit completed. ...

- Monica Stadtmiller, Sydney

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

2019 Federal Budget: what it means to your SMSF

There are four major positive changes in regards to superannuation and SMSFs and they can be summarised as below: Work test changes From 1 July…

Notice of compliance for new SMSFs

ATO has changed the timeframe to issue notice of compliance for newly registered SMSFs. Before March 2019, new SMSFs' status is "Registered – status not…

Can an SMSF purchases a residential property with member’s partner?

An SMSF trustee can buy an investment residential property using tenancy in common or partnership structure. However, the following are issues associated with this transaction:…

Common audit issues with SMSFs having crypto-currencies

SIS Act does not have any restrictions on cypto-currency investment. However the permanent documents needs to be reviewed before making such investment: Does the SMSF trust…

Market value of assets

Reg 8.02B of SISR (Superannuation Industry Supervision Regulations 1994) requires all the assets held in the SMSFs must be valued at market value in the…

SMSF statistics

The ATO has published September 2017 quarterly self-managed super fund (SMSF) statistical report.  Some of the statistical highlights from this quarter's overview include: total number…

SMSF lodgement extention

We are very happy to advise all our SMSF clients that ATO has extended the SMSF lodgement due date from 15/05/2018 to 30/06/2018. Reason being…

ATO has made changes to Trustee declaration (NAT 71089) and Self-managed super funds – key messages for trustees (NAT 71128).

As a result of ATO review, changes have been made to both documents. The most notable changes to the 2012 version of the Trustee declaration…

New requirements for SMSF electronic lodgement

The SMSF annual tax return combines income tax, regulatory and member information reporting obligations. From 1 July 2012, the SMSF annual tax return will not…

What happens if minimum pension requirements are not met

ATO has clarified what the consequences are if minimum pension payment is not made: - A pension account ceases form the beginning of the financial…

Certain arrangements to acquire property by SMSF contravene super law

ATO has recently issued Taxypayer Alert TA 2012/7 that describes certain arrangements entered into by self-managed super funds (SMSFs) to acquire property which do not…

Auditor obligations regarding collectables in SMSF

The ATO has stated that an approved auditor is required to: - conduct the audit in accordance with the Australian Auditing Standards and the Standards…

Dealing with accidental excess contributions in SMSF

Dealing with accidental excess contributions Before 17 November 2010 a taxpayer who had inadvertently breached the contribution caps had to wait until they received an…

ATO ID 2011/24 – Waiver of Disqualified Person Status for setting up a SMSF

This ATO ID considers what constitutes “serious dishonest conduct” and therefore what is sufficient for an individual who has been convicted of an offence to…

ATO ID 2011/77 – Payment of Death Benefit to Former Stepchild

The classification of a step-child has been an area of misunderstanding for some time. Effectively, this ATO ID confirms that where the legal marriage of…

ATO Self-managed super fund statistical report

The latest self-managed superannuation funds (SMSFs) statistical report is updated to December 2011. It includes the  information on the SMSF population, asset allocation and quarterly…

ATO SMSF Compliance program 2012-13

In 2012/13 financial year, the focus of ATO SMSF compliance activity will be on: new trustees, to ensure they can operate their SMSF and are…

Attaining preservation age itself is not a condition of release

Attaining preservation age itself is not a condition of release with a "nil" cashing restriction. Therefore, superannuation benefits transferred to a transition to retirement pension…

Careers opportunities

iCare Super is a SMSF specialist practice and has a large growing SMSF client base in Australia. We provide high quality services to SMSF trustees,…

Condition of release – the cessation of an employment arrangement for a SMSF member aged 60 to 64!

Where a member of SMSF, aged 60 to 64, is in two or more employment arrangements at the same time, the cessation of one of…

Deductibility of premiums for TPD cover paid by a SMSF

On 7 July 2012, the Commissioner issued TR 2012/6. The Ruling states that a complying superannuation fund can claim a deduction for an insurance premium on…

2018-19 Federal Budget Measures- SMSF

The major changes in regards to SMSFs are listed as below: Preventing inadvertent concessional contribution cap breaches: from 1 July 2018, the Government will allow individuals…

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