It is important to remember that, in most cases, a qualified independent valuer is not needed to do an outside valuation. However, if the property is a big part of the fund’s value, the trustee should consider getting an outside valuation. Expert SMSF valuations should also be considered when something like a natural disaster could change the property’s value in a big way.

Suppose an outside expert valuation is not used. In that case, the valuation must be based on objective evidence and can be backed up annually.

As a trustee of a self-managed super fund (SMSF), you decide how your money is invested and how your fund is run. Many clients say that seeing more about their retirement savings has helped them learn more about how their overall wealth is doing. This has given them more confidence in their investment and lifestyle choices.

SMSF valuations could offer significant benefits in retirement

Managing your SMSF has several key benefits:

Choice of investment

SMSF valuations offer a variety of ways to invest. Trustees may have access to direct shares, high-yield cash accounts, term deposits, income investments, direct property, unlisted assets, international markets, collectibles, and more.

Tax strategies

SMSF valuations, like other super funds, benefit from lower tax rates. During the accumulation phase, the most tax you have to pay on investment income is 15%. During the pension phase, you do not have to pay any taxes or capital gains tax. As you get closer to retirement, smart tax strategies can help you grow your super savings and pay less in taxes.

Flexibility

SMSF valuations let more than one person run a mix of savings and retirement accounts. You will be able to change your investment mix as you see fit so that you can react quickly to changes in the market, super rules, or your own life.

Transparency

SMSFs have much openness, which lets trustees match their personal goals with the investments they make. Whether you are interested in real estate, stocks, or investing in a good way for the environment and society, SMSFs give you a place to invest your money and keep track of its performance and tax treatment.

Cost

SMSF trustees must file an annual tax return, pay Australian Tax Office (ATO) fees, and go through an audit. These are capped and not based on a percentage of your super balance). The more an SMSF grows, the cheaper it is to run. However, the total cost of running an SMSF will depend on the investments and any fees for hiring a professional to help.

Even though there are many benefits to setting up an SMSF, it is important to know that there are also many things to consider and risks to be aware of when you need a valuation. Some of these are the trustee’s duties, costs, and insurance coverage. Find out if an SMSF is a right choice for you.

Assume you have or assist clients who have property assets in SMSF valuations. In that case, you may need a qualified valuer to do regular valuations on the property. Experts offer SMSF valuations services for all properties, including commercial, industrial, retail, residential, agribusiness and rural, and unique real estate assets.