SMSF and QROPS
#1
Has anybody on here set up their own SMSF and got QROPS accreditation? Did you do it yourself, and what pitfalls should I look out for?
#2
Migration Agent










Joined: May 2002
Posts: 6,461
From: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)











=> Consider getting professional support.
Feel able to ping a PM to me if you want to explore this more fully.
Best regards.
#3
Yes but I would not have done this without both financial advice for both UK and OZ and paying a specialist to draw up the Trust Deed There is also the need for ongoing annual audits that report back to HMRC. It is not cheap but it is worth it for our situation. The potential for a large tax bill due to a DIY error is huge. I would get advice on whether to do it and then get someone else to do the paperwork.




