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.
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,
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.
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.
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,