What do we do?

If you want to enjoy the benefits of running your Self Managed Super Fund, without worrying about the day to day administration - then the SuperGuardian service is ideal.

▪  SMSF ESTABLISHMENT

We handle all aspects of establishing your Self Managed Superannuation Fund, including:

-  Establishment of complying Trust Deeds for new funds

-  Minutes and associated documentation relating to the establishment

-  Application for tax file number and Australian business number

-  Establishment of the super fund bank account

-  All aspects of transferring records from an existing superannuation administrator

-  Processing any change of address

We provide you with a Welcome kit, with simple, easy to understand documentation.

▪  ONGOING ADMINISTRATION

SuperGuardian acts as the registered address for your super fund, and we handle all of the administration on your behalf.

SuperGuardian clients simply set up the registered address as follows:

            The Smith Family Super Fund

            C/- SuperGuardian

            GPO Box 1215

            Adelaide SA 5001

Each super fund is allocated a Super Fund Administrator. They receive, process and action any correspondence for your fund on a daily basis.

At the end of each month, we undertake a full reconciliation for that period against the super fund bank account. Your Super Fund Administrator will notify you or your Advisor if there are any errors or exceptions identified.

On the 15^th day of each month, we present you with updated reports – which you and your Advisor are able to access online.

We will forward on any documentation requiring client action, and work closely with Investment Advisors to ensure the super fund investments are accurately recorded. 

If you prefer to see all of the paperwork relating to your fund, we can arrange to forward it on to you.

▪  COMPLIANCE

By monitoring the activity within your fund on a monthly basis, we’re able to notify you promptly of any compliance breaches that come to our attention. By presenting regular reports to your Advisor, they’re able to monitor your fund and ensure all investments are made in line with your investment strategy.

Ultimately you, as Trustees, are responsible for the complying status of the fund, however we work closely with you to identify and rectify breaches.

▪  ACCOUNTING

We handle all of the accounting required for your superannuation fund, including:

-        Maintaining detailed capital gains tax records

-        Maintaining detailed Membership records

-        Preparation and lodgement of ETP statements

-        Historical RBL reporting

-        Preparation of BAS/IAS/PAYG

-        Preparation of the annual tax return and regulatory documentation

-        Preparation of all minutes and associated documentation 

At the end of the financial year, the following reports will be prepared:

          -       Operating Statement (Profit and Loss)

-        Statement of Financial Position (Balance Sheet)

-        Notes to Accounts

-        Member Statements

-        Annual Taxation and Regulatory Return

-        S82AAT notices

-        Minutes of Meetings/Resolutions of Trustees

▪  CORPORATE ACTIONS

SuperGuardian will forward any correspondence relating to corporate actions, mergers/takeovers, bonus shares. You, as the Decision Makers, will then action any response.

▪  PENSION ESTABLISHMENT

For a fixed fee, we will handle the conversion from accumulation to pension mode, including all associated documentation and calculations. We will also arrange actuarial certification as required.

We do not give financial advice relating to pension strategies, and strongly recommend you speak to a qualified Financial Planner.

▪  PENSION ADMINISTRATION

Once your pension is established, we handle all facets relating to the ongoing administration, including summaries for pension recipients, pension rebate and deduction calculation and preparation and lodgement of Pay As You Go (PAYG). The pension administration is included in our ongoing administration fee.

▪  INDEPENDENT AUDIT

It is a legal requirement that self managed superannuation funds are audited on an annual basis.

We have a panel of external Auditors who undertake this work for SuperGuardian clients, and the cost of the audit is included in our fixed fee.

▪  TRUST DEED

We utilise the services of a Specialist Superannuation Lawyer to prepare and amend our clients Trust Deeds.

Where a fund transferring to SuperGuardian has an existing Trust Deed, we will review it and make any recommendations on the content as part of the establishment fee.

Existing Trust Deed amendments do attract additional fees.

▪  SMSF HEALTH CHECK

Where clients have an existing self managed fund, we are able to provide a ‘Health Check’ service.

The purpose of this is to review the compliance and accounting for your fund, and ensure everything is in order.

Where funds are found to be in breach with SIS legislation, we are able to provide strategic advice, and undertake the work involved in bringing the fund back in order.        

▪  COMPLIANCE ADVICE

Clients are welcome to phone us on 1300 787 576 and speak to our Technical Advisors with any queries relating to compliance for their fund. Our Technical Advisors are specialists in the area of Self Managed Superannuation, and you can be assured of the quality of the advice.

▪  REGULAR SMSF UPDATES

We keep our clients up to date on any changes in legislation and the effects of those changes, via a regular newsletter.

If you want to enjoy the benefits of running your Self Managed Super Fund, without worrying about the day to day administration - then the SuperGuardian service is ideal.