Superfund Partners - SMSF Administrator SMSF Admin Self Managed Super Fund Admin SMSF Specialist

Partners Express – Investment Talk with Mark Beveridge from Quill Group

Chloe interviews Mark Beveridge from Quill Group and gets his insight on the difficulties investors are facing and what opportunities they should be looking out for.


2016 Partners Wrap Up

March 2016 Partners Wrap up

Chloe talks about crunching down before the May deadlines, what to watch out for and steps you should be taking for EOFY preparation.

Investment Property Capital vs Expenditure

Investment Property Capital vs Expenditure: What you can claim

When you buy an investment property, it’s assumed that all costs associated with the property will be a tax deduction, unfortunately, this is not always true.

An expense is deductible when it is incurred and to the extent that it relates to producing assessable income. Some of these expenses may include:

  • Advertising for tenants
  • Cleaning
  • Insurance
  • Utilities & Taxes
  • Repairs
  • Loan Interest
  • Agents’ Commissions

All of the above are common rental property expenses incurred in relation to rental income received.

What are data feeds and how do they work

What are data feeds and how do they work?

Data feeds are something that you have most likely heard us talk about for quite some time. These third party authorities have a huge impact on how we look after you and your fund and the level of accuracy and efficiency we can deliver.

Probably the most important misconception is that when you sign a third party authority form, we have “access” to your account or we can transact on the account on your behalf.  This is absolutely incorrect – to confirm:

A third party authority does not provide us with the ability to conduct any transactions on your behalf or access to login to your accounts.

SMSF compliance and regulations changes are coming 1 July 2016

SMSF compliance and regulations changes are coming 1 July 2016

Whilst there haven’t been any major tax reforms within Super for quite some time, the landscape has definitely shifted in terms of compliance and issues surrounding advice.

So what changes are coming into effect this year?


  1. Abolishment of the Accountants Exemption

This is probably one of the biggest changes to disrupt the financial services industry. One of the few legitimate exemptions that currently applies to accountants is the ability for them to recommend the establishment, or wind-up, of an SMSF.  This exemption will be removed from 1 July 2016 meaning that an accountant or SMSF administrator cannot provide this advice. Superfund Partners is an SMSF administration and advice business – these changes will have minimal impact on us and our clients.

The real change that existing SMSF trustees will notice will be that the (unlicensed) accountants they work with will become very wary and cautious of what advice and information they provide.  

Adviser or Broker?

ASX listed equities are statistically the most common asset in an SMSF and this is reflected in the hundreds of SMSF accounts I review each year. A common question I ask my clients is “do you have an adviser or a broker?”

I get mixed answers to this question. Some brokers call themselves advisers but only provide investment advice, occasionally investment research or IPO access and execute trades.  Some brokers act purely on an ‘execution only’ basis – they solely action share trades on behalf of trustees.

My point is that these traditional style brokers have their place, but they are very different to a financial adviser that provides broad advice across your overall financial life. This means that sometimes you can miss out on key strategic advice or truly getting the right advice that suits your needs because your ‘adviser’ is purely focussed on your investments – not you as a person!

In the day to day administration of our client’s super funds we sometimes have to ask trustees questions in relation to structure,


Collectibles – time to act

Collectibles and changes from 1 July 2016

Does your SMSF own artwork, jewellery, coins, vintage cars, wine collections or antiques to name a few of the major items deemed collectibles?  If these items were purchased before 1 July 2011 you might not be aware that significant changes are taking effect from 1 July 2016.

From 1 July 2016, any collectible owned by an SMSF must adhere to the new rules:

  • The collectibles are not to be stored at the SMSF trustees residence;
  • SMSF trustee or a related party is not permitted to lease or use any of the collectibles;
  • The collectible MUST be insured by its’ own separate policy;
  • Document and minute the storage decision by the trustees;
  • If the collectible is to be sold to an SMSF trustee or related party then a valuation by a qualified independent valuer must be sought to determine the market value.


age pension changes 2017 SMSF

Devil in the detail with Age Pension changes

New changes to the eligibility for the Age pension is due to come into effect on 1st Jan 2017.   With the state of the Federal budget in deficit,  one might argue that changes to the age pension are inevitable.

However, the fairness of the new rules will undoubtedly be something that many existing pensioners will question and I expect many people will adjust their spending plans once they figure out how the new rules will affect their pension entitlement.

Noel Whittaker – SMSF Seminar

Superfund Partners is very proud to support the Sun, Surf & SMSF Seminar to be held on the Gold Coast in January 2016.

Click the image below to be taken to the event page:

SocialCard - Sun Surf SMSF


6 reasons to update your SMSF trust deed

With the amount of changes to superannuation in the last five years it’s essential that your SMSF has a robust, good quality trust deed.

Although the rate of actual law changes has slowed in the last few years, there have still been numerous rulings, cases and new strategies developed which require an up to date SMSF trust deed to protect your interests and get the most from your SMSF.

The following six items are example areas where your current SMSF trust deed is likely deficient: