Monthly Archives: September 2014

Term deposit solution for your SMSF

If you enjoy running around from bank to bank hunting for the best term deposit rates, filling out a multitude of application forms and completing repetitive 100 point identification checks for your SMSF then stop reading.

However, if you want a solution where you can complete a single application form which gives you access to more than 25 banks, building societies and credit unions with competitive interest rates including daily specials – then read on!

4 big banks are now available

We are pleased to announce that all of the major banks (Westpac, ANZ, CBA and NAB) now provide daily transactions information directly into our specialist SMSF accounting software.  The new direct service replaces the previous monthly supply of transaction information we received via and intermediary.

24 brokers now available

Superfund Partners is always looking at ways to remove the hard work out of running a SMSF. That is why we have developed a new system to enable us to receive share trading information from an additional 24 brokers.

Together with the 12 existing brokers that already provide daily share trading transaction information, Superfund Partners now receives trading information from more sources than any other SMSF administrator.

Reduction in the Government Deposit Guarantee and your SMSF

Effective from the 1st of February 2012, the Australian Government guarantee on deposits reduces from $1 million to $250,000 per customer per institution.  This will have a large impact on a number of SMSF trustees who have been holding a large portion of their portfolios in cash and term deposits in the face of continued market volatility over the last few years.

Free Government super hand out

If your income is below $61,920, the Government will match up to $1,000 of your personal after-tax super contributions.

What conditions must I meet?

You may qualify for the co-contribution for the 2012 income year if you meet all of these conditions:

Wills and SMSF estate planning

SMSFs are the investment vehicle of choice for a huge number of Australians – which is no surprise considering the control and flexibility they offer. Although most of us ensure we have valid death benefit nominations in place covering our superannuation monies, we need to ensure these nominations are also integrated with our personal Wills to form an overall estate plan.

Welcome to Alison Kerrigan

Superfund Partners would like to extend an incredibly warm welcome to our newest recruit, Alison Kerrigan.  Alison will be taking over the position of SMSF Manager and working closely with the rest of the team.

Sneak peak at 2012

The last 12 months have been extremely busy for Superfund Partners. We have undergone significant growth with hundreds of new clients coming on board, not to mention the size of our team doubling.

Changes ahead for asset transfers

Important changes affecting asset transfers to your SMSF are expected to apply from 1 July 2012. The changes ban ‘off-market’ transfers of assets by related parties to SMSFs.

2011 SMSF Accounts – Common Questions

For many of our clients, the 2011 year will be the first year we have completed your annual SMSF accounts.  At Superfund Partners, we often do things a little different compared to your typical end of year style accountant. With that in mind, we would like to answer some common questions about the completion of your 2011 SMSF accounts.