top of page

SMSF Cashflow Forecast & Budgeting

Maximizing Your SMSF's Financial Potential: A Guide to Cashflow Forecasting and Budgeting Strategies

New Wave SMSF.

Get in touch with our team!

SMSF Forecasting

At New Wave SMSF, our financial planners can assist clients with forecasting advice to help them achieve their financial goals. One key aspect of this is cashflow forecasting and budgeting. 

Cashflow forecasting is the process of estimating the amount of money coming in and going out of a client's SMSF. This can help them to plan their investments and expenses more effectively, and make informed decisions about their financial future. 

Our financial planners can work with clients to create a comprehensive cashflow forecast and budgeting plan that takes into account their unique financial situation, retirement goals, and risk tolerance. We can also provide ongoing support and guidance to ensure that clients stay on track and adjust their plan as needed. 

By working with our financial planners on cashflow forecasting and budgeting, clients can gain a clearer understanding of their financial position and make more informed decisions about their SMSF investments. This can help them to achieve their retirement goals and enjoy financial security in their later years. 

Contact us today to learn more about our SMSF financial planning services, including cashflow forecasting and budgeting advice.


SMSF Budgeting

At New Wave SMSF, we understand that managing finances can be overwhelming, especially when planning for retirement. Our team of experienced financial planners can help you develop and implement effective budgeting strategies for your self-managed superannuation fund (SMSF).

Our financial planners will work with you to understand your financial goals and create a personalized budgeting plan to achieve them. We take into consideration your income, expenses, debt, and future financial needs to create a realistic and sustainable budgeting plan.

We also provide ongoing support and advice to help you stay on track and adjust your budgeting plan as needed. Our financial planners use advanced financial tools and technologies to help you track your spending and manage your cash flow effectively.

With our expert guidance and support, you can have peace of mind knowing that your SMSF is on the path to financial stability and success. Contact us today to schedule a consultation with our financial planners and take control of your finances.

Recent News

  • What services do you offer?
    New Wave SMSF financial planners offer a wide range of services to help clients manage their self-managed superannuation funds (SMSFs). Some of the services we offer include: SMSF set-up: An SMSF financial planner can assist clients with the establishment of a new SMSF, including the preparation of trust deeds, appointing trustees, and registering the fund with the Australian Taxation Office (ATO). Investment strategy development: SMSF financial planners can work with clients to develop an investment strategy that is aligned with their financial goals and risk appetite. This includes selecting investment assets, determining asset allocation, and monitoring investment performance. Compliance and administration: SMSF financial planners can help ensure that clients' SMSFs remain compliant with regulatory requirements, including the preparation and lodgement of annual tax returns, financial statements, and other reporting obligations. Retirement planning: SMSF financial planners can help clients plan for their retirement income needs, including determining their retirement goals, estimating retirement expenses, and developing a strategy for drawing down on their SMSF assets. Estate planning: SMSF financial planners can assist clients with estate planning, including the creation of binding death benefit nominations, the establishment of testamentary trusts, and the development of succession plans. Risk management: SMSF financial planners can help clients manage risk within their SMSFs, including insurance needs analysis, the selection of appropriate insurance products, and the development of risk management strategies.It’s a great way to help people navigate your site and can even boost your site’s SEO.
  • Is an SMSF the right choice for me?
    Whether an SMSF is suitable for you depends on various factors such as your financial goals, investment experience, and the time and resources you have available to manage the fund. Our financial planners can help you assess whether an SMSF is the right choice for your individual circumstances. Book in a free 30 Min consult today.
  • What are the investment options available to me in an SMSF?
    SMSFs offer a broad range of investment options, including direct property investments, shares, managed funds, and term deposits. However, trustees need to ensure that their investments are in line with their investment strategy and comply with regulatory requirements. Our Gold Coast SMSF Financial Planners can assist with guiding you towards the right investment strategy
  • How much super is recommended to start an SMSF?
    The amount of money required to start an SMSF will vary depending on your individual circumstances, goals, and investment strategy. While there is no minimum amount required by law to establish an SMSF, most financial experts suggest that you should have at least $200,000 to $500,000 in superannuation savings to make an SMSF cost-effective. Before deciding to start an SMSF, it's recommended to seek professional financial advice to ensure it's the right choice for your individual circumstance
  • What accounting services do you offer?
    New Wave SMSF is a forward thinking accounting firm providing tailored self managed superannuation fund (SMSF) services on the Gold Coast and across Australia. We assist clients with: Accounting, Structuring, SMSF Software, SMSF Setup, Tax, BAS, Compliance, SMSF Bookkeeping and Tax Advice. At New Wave, our mission is to empower, excite and build confidence in SMSF's by providing clarity in their figures.
  • What are the costs involved in setting up an SMSF?
    The costs of setting up an SMSF can vary depending on the complexity of the fund, the number of members, and the services required. Typically, the setup fees can range from $1,000 to $3,000, while ongoing costs can range from $2,000 to $3,000 per year. We can provide you with a fixed fee quote based on the size and complexity of your work.
  • What are the rules and regulations around SMSFs?
    SMSFs are regulated by the Australian Taxation Office (ATO) and must comply with the Superannuation Industry (Supervision) Act 1993 (SIS Act) and the Superannuation Industry (Supervision) Regulations 1994 (SIS Regulations). The rules cover various aspects of SMSF management, including trustee duties, investment restrictions, contribution limits, and reporting requirements.
  • How do I ensure compliance with ATO regulations?
    To ensure compliance with ATO regulations, SMSF trustees need to maintain accurate and up-to-date records, prepare and lodge annual returns, and follow investment restrictions. Engaging an experienced SMSF accountant can help ensure compliance with ATO regulations and provide peace of mind.
  • What are the tax implications of having an SMSF?
    SMSFs enjoy concessional tax treatment, with income earned within the fund taxed at a maximum rate of 15% (or 0% if in pension phase). Additionally, SMSFs may be eligible for capital gains tax (CGT) discounts if assets are held for longer than 12 months. However, there are various tax rules and regulations that SMSF trustees need to be aware of to avoid penalties and fines.
bottom of page