Superannuation is your way of ensuring you live a comfortable after-work life. At Solution F, our Canberra and Kiama financial planners are experienced in delivering cost-effective and highly diversified superannuation investments. We also provide advice on maintaining successful self-managed super funds (SMSF).

Accumulation phase

In its accumulation phase, superannuation provides a tax-effective environment, helping accumulate capital for use during retirement.

Pension phase

Once you have retired from the workforce and met the preservation age requirements, your accumulated superannuation assets can be converted into a pension, which provides you with a monthly income to enjoy during retirement.


An annuity is a fixed-term investment providing you with a guaranteed regular income for a selected term, in exchange for an initial lump sum investment amount. You can purchase the investment with either superannuation money or with private investment monies.

Annuities are generally undertaken by more conservative retirees and investors, seeking a regular income stream.

Self-managed super funds (SMSF)

Generally a superannuation fund is a self-managed super fund if:

  • it has four or fewer members
  • no member of the fund is an employee of another member of the fund, unless they are related
  • each member is a trustee, and
  • no trustee of the fund receives any remuneration for their services as a trustee.


A self-managed superannuation fund can have a company as a trustee, known as a corporate trustee, if:

  • the fund has four or fewer members
  • each member of the fund is a director of the company
  • no member is an employee of another member, unless they are related
  • the corporate trustee does not receive any remuneration for its services as a trustee, and
  • no director of the corporate trustee receives any remuneration for their services as a director in relation to the fund.

Employees can’t be in the same SMSF as an employer member, unless they are related.

While Solution F is able to assist you with your existing SMSF and investment strategy, if you’re thinking of becoming a trustee of a self-managed superannuation fund, Solution F recommends the decision not be taken lightly.

As a trustee, you’re responsible for ensuring your fund complies with the Superannuation Industry (Supervision) Act 1993 (SIS Act) and other relevant legislative and administrative requirements.

If your SMSF is found to be non-compliant there are serious taxation consequences.

Your responsibilities as a trustee include:

  • lodging an annual income tax return and superannuation fund annual return
  • lodging superannuation member contribution statements
  • appointing an approved auditor to complete the annual SMSF audit
  • maintaining records for up to 10 years
  • complying with investment requirements, and
  • ensuring the trust deed is maintained and kept up to date with legislative changes.

Some of the key restrictions under the SIS Act include:

  • meeting the sole purpose test
  • not accessing your money without meeting a specific condition of release, and
  • not providing loans or financial assistance to members or relatives.

Solution F also provides financial planning for defined benefit superannuation, and a variety of highly personalised wealth management services.

Please contact our financial planners in Kiama and Canberra for more information.