Self-Managed Super Fund Concierge Service

Self-managed superannuation fund (SMSFs) concierge service

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Self-managed superannuation fund (SMSFs) concierge service

Our concierge service for self-managed superannuation funds (SMSF) is ideal for individuals who want the flexibility and control afforded by a self-managed super fund, but don’t want the associated administration burden. Our team can manage all aspects of funds establishment, ongoing management, and compliance requirements, freeing you up to simply enjoy life.

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The benefits of a self-managed superannuation fund (SMSF) are that you have more control over how your funds are invested, more choice of investments, more taxation benefits, and protection of assets in the event of bankruptcy or other legal claims.

For larger balances, administration costs can be saved. However, establishing and managing them efficiently and compliantly requires skill and knowledge. Our concierge service can manage all aspects of funds establishment and ongoing management relieving you from the administration and compliance burden.

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Who can benefit from this service?

Time poor individuals who don’t have the time to attend to all of the administration associated with their investments
Individuals who don’t have the capacity or desire to manage their investment portfolio
Those that want the flexibility and control afforded by a self-managed super fund, but don’t want the associated administration burden
People who have managed on their own for years and want someone to take over
People who are travelling for extended periods and need someone to manage their paperwork or pay bills

We relieve you of the responsibility and time commitment of paperwork associated with managing your SMSF, including all aspects of fund establishment as well as:

Trust deed preparation
Trustee statutory declaration
Member applications and approval of applications;
Minutes of the initial meeting
Bank account set-up
ABN registration
TFN registration

Providing quarterly reports on fund activities and status as well as comprehensive underlying investment portfolio information for investors that need to know all aspects of their fund analysis (including up to date bank transactions and investment reports).

Other areas where we can help alleviate the responsibility and time commitments associated with managing your SMSF include:

Online access to funds always underlying investment valuations
Initial and ongoing review of your fund’s investment strategy (including the S52 investment strategy required by the ATO)
Establishment of retirement income stream pensions and ongoing maintenance of these pensions
Establishment of transition to retirement income stream pensions and ongoing maintenance of these pensions
Regular review of the fund’s (standard) trust deed to ensure its ongoing effectiveness and compliance with superannuation legislation
Managing all fund accounts receivable and payable (payments and deposits)
Arranging any life insurance policies for the superannuation fund and ensuring that the premiums are paid on a timely manner basis
Accept contributions in accordance with the trust deed and superannuation and tax laws
Managing the purchase and sale of fund assets in accordance with the approved investment strategy
Dealing with external ATO audits of the fund
Managing the fund’s bank accounts

Preparation of all legal documentation and mandatory communication material issued to members
Ensuring member documentation is up to date and complies with the requirements of the superannuation law
Monitoring the fund’s operations for ongoing compliance with any new legislation
Preparing annual fund accounts, tax returns and member statements
Determining whether (and when) a member can receive their benefits
Make all calculations with respect to maximum lump sum entitlements and pension entitlements
Preparation of all necessary paperwork associated with paying benefits such as:
- Payment of tax instalment declaration
- PAYG payment summaries
- Pension payment advice
- TFN declaration
- Annual reporting

Lodgement of your fund’s income tax and regulatory return by the due date
Preparation and lodgement of your fund’s business activity statements and instalment activity statements
Arranging for an actuarial certificate to be prepared by an independent actuary
Arranging the fund audit
Preparation of all minutes and resolutions of the trustees’ and members’ meetings
Keeping track of legislative changes that impact the administration
Ensuring that investments conform with the Australian Taxation guidelines and will execute investment transactions in accordance with the instructions of the trustees and members
Quarterly updates informing you of any legislative or other changes impacting the fund
Answering telephone support for member and client enquiries
Ensure a binding death benefit agreement is in place

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Free yourself from the responsibility and time commitment needed to manage your investments, so you can focus on enjoying life.

Contact your local Nexia Adviser today to have a complimentary discussion about choosing a supported service that fits your lifestyle and helps you connect with your true potential and achieve your financial goals.