3 Reasons Why Advisers Should Remain Involved in a Client’s SMSF Admin
While most advisers attend to the investment needs of a client’s SMSF, only a few remain involved in the administration of their client’s SMSF. Without full visibility into SMSF accounting processes however, clients may be paying excess costs or missing opportunities for timely advice and the benefits therein. Many advisers don’t believe they have the […]
What do new Director ID Requirements mean for your SMSF?
Up to 63% of SMSFs will be impacted by new identification requirements for directors. If your SMSF has a corporate trustee, the director must go through a new registration process. Here’s what you need to know so you can be prepared, including details on the application process. Update November 2021: Applications for Director IDs are […]
What Happens When you Google Your Business? Simple tips to build a free new-client-magnet.
As straightforward and simple as the following pointers may seem, these will help distinguish your financial services business from competitors and appeal to critical emerging markets. Our last article in the new Marketing Foundations Series highlighted the importance of trust when seeking to build business opportunities with new markets. Research has regularly demonstrated how often Aussies […]
SMSF News & Alerts: September 2021
Changes to Actuarial Certificate Requirement Laws have recently changed which means superannuation trustees no longer need to obtain an actuarial certificate when calculating exempt current pension income. Here’s an article with more detail on the changes to actuarial certificate requirements. SuperStream is Mandated for Rollovers as of October 1 2021 As of 1 October 2021, […]
Are You A Typical SMSF Member?
A profile of Australia’s SMSF Members – Aug 2021 Hello Trustees! Ever wondered if you’re the average SMSF Member… is your balance on par and are you older, or younger than most of your comrades? The number of SMSFs has increased by 15% in the last five years to more than 590,000 funds. And while […]
Quick Tip From Intello – ABN/TFN Application
We have a bunch of experts in self-managed super at Intello. Here’s something worth consideration from someone regarding the setup process. When setting up a superfund, the ABN/TFN application can be delayed (sometimes greater than 28 days) if the member details haven’t been updated on their individual TFN. This will typically occur in the event […]
Economic Shifts that Represent New Markets for Your Financial Firm.
When change accelerates, so does the need to adapt. Financial Services is one of those professions that has not only successfully weathered the COVID pandemic but seen demand increase. As we emerge from COVID’s immediate economic impacts and Boomers move into retirement, service needs will continue to change. Those organisations that respond to these changes […]
SMSF Annual Return (SAR) – Is Yours Due October 31?
Some SMSFs have their annual return (SAR) due by 31 October 2021. You’re required to lodge an SMSF Annual Return (SAR) if: You are a new self-managed super fund (SMSF) or, If you have missed previous years lodgments. It’s worth noting that October 31 falls on a Sunday this year, so you will be able to […]
Life Insurance – What Structure Works for Your Family?
[This article is from our partners, Quill Group] Welcome to the new financial year! Over the past six to twelve months we’ve had a number of people enquire about life insurance and how to optimally structure it for their family. It should come as no surprise that the best way to structure it will depend […]
July 28: TBAR Lodgment Due
The quarterly transfer balance account report (TBAR) for self-managed super funds (SMSFs) is due on 28 July 2021. You are required to lodge the TBAR on behalf of clients by this date if: a transfer balance account (TBA) event occurred in your client’s SMSF between 1 April and 30 June 2021, and any member of the SMSF has […]