Welcome to Sunshine Press.
“The Self Managed Super Handbook – Superannuation Law for Self Managed Superannuation Funds in plain English” was written by Monica Rule to assist trustees of Self Managed Superannuation Funds (SMSFs) to understand the superannuation law.
Monica has over 16 years work experience in the superannuation industry assisting clients such as self managed superannuation fund trustees and members, accountants, auditors, and lawyers with superannuation queries.
Unfortunately, Monica has seen too many SMSF trustees fail to comply with the superannuation law simply because either they do not take an interest in the law, or they do not understand the law. It was through her interactions with clients that Monica realised there was a need to publish an easy to understand, “plain English” text on the superannuation law.
It is not just the trustees of SMSFs that have failed to understand the law. Some contraventions are caused by the trustees’ professional representatives not interpreting the law correctly and therefore providing their clients with incorrect advice.
As the ultimate responsibility and accountability rests with trustees of SMSFs, it is the trustees who can be disqualified and prosecuted for not complying with the law. It is their SMSFs that will lose the tax concession and half of its assets if enforcement action is taken by the Australian Taxation Office.
Monica’s desire is to educate anyone who wants to set up a SMSF. Her book uses real life examples which she has collected from her daily interactions with clients.
The Self Managed Super Handbook will assist you in:
• understanding the superannuation law
• meeting your obligations as a trustee of your own superannuation fund
• understanding your accountant’s, auditor’s or financial adviser’s advice
• maintaining a complying superannuation fund.
Monica’s ultimate goal is to help people with SMSFs plan for a worry-free and happy retirement.