I recently came across a great article in AFR Smart Investor magazine by Steven Enticott entitled “Where you can’t skimp on your SMSF” which not only outlines the value of working with qualified and experienced SMSF specialist accountants and advisers, but asks five really good questions that you should ask before selecting an SMSF administration provider.
You can read the full article here: Where you can’t skimp on your SMSF.
I thought the questions were very relevant to both our clients, and others looking for a quality business that can help look after your SMSF, so I’ve taken the time to put together my answers to the questions which will give insight into how Superfund Partners operates.
1. Is the paperwork being done offshore?
No. Absolutely not.
The Directors of Superfund Partners made the decision a number of years ago not to offshore in the interest in saving on labour costs.
With 30 June just over two weeks away, now is the time to run through a checklist of what you need to do prior to the end of the financial year.
Although we always endeavour to personally contact every single one of our clients this time of year, we’ve found a generic reminder of these key items is a good reminder also.
Contributions – getting money into your fund
If you are intending to make contributions into your SMSF, you need to make sure the contributions are received by your SMSF on or before 30 June in order for it to be counted for the 2014/2015 financial year. This is important if you are making contributions by electronic funds transfer (EFT) as some transactions may not be credited into your SMSF’s bank account until the following business day.
Check your timing
The 30th of June this year is a Tuesday. Although most transfers will hit the SMSF bank account the following business day,