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1 July 2019 Superannuation Changes

In February 2019, a number of laws were passed through Parliament that will see changes to superannuation in the coming year.  The changes are due to commence from 1 July 2019. These reforms join other recent changes first proposed in the 2018/19 Federal Budget. The changes include: Fees Accounts classified as low balance (those that[…]

Rates 2020

2019-20 Superannuation Tax Rates and Thresholds

We have produced a comprehensive reference guide to the latest Superannuation Rates and Taxes providing a quick check of contributions limits, conditions of release and tax rates etc.. You can Download the reference guide and always have the current rates close at hand We also have a number of resources available. The forms checklists and guides can[…]

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Is your SMSF Deed non compliant?

As you may be aware, the law governing superannuation in general, and Self Managed Superannuation Funds in particular, is regularly evolving. Supernova continuously monitors the changes that occur in self managed superannuation to ensure you are kept up to date with the latest changes, and we believe now is a good time to have the[…]

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Transfer Balance Cap reporting – what does it mean for you?

From 1 July 2017, superannuation fund members are subject to a $1.6 million transfer balance cap (TBC) which limits the tax exemption for assets funding superannuation pensions. The TBC encompasses a significant amount of monitoring for an individual.  This monitoring is to be facilitated by the Australian Taxation Office’s (ATO) event-based reporting framework. Event-based reporting[…]

DOES SUPERNOVA COMPETE WITH ME FOR SMSF CLIENTS

No Unlike some of our competitors who, in addition to providing services to accountants/advisers, also offer a retail product to trustees in direct competition, Supernova only market to accountants and advisers. Our wholesale fees are only available to SMSF professionals including financial planners, accountants and brokers. We generally don’t deal direct with trustees. We understand the[…]

Posted in FAQ

WHAT SERVICES ARE INCLUDED IN SUPERNOVA ADMINISTRATION?

Basic INCLUDED Features This Includes the usual Standard Functions you would expect… Fund processing and administration Preparation of annual financial statements Preparation of the SMSF annual return Investment Reports (Income, realised and unrealised gains etc) Member statements Trustee minutes Additional INCLUDED Features Many of 0ur competitors will charge extra for the below services that we[…]

Posted in FAQ

HOW DO OUR CLIENTS GET BILLED FOR OUR SMSF SERVICES?

You have total control over what your clients are charged and how they pay for the administration of their fund. You need to ensure that the fee charged adequately takes into consideration any work you and your staff undertake liaising with Supernova and also the value of the service provided. As a general guide we[…]

Posted in FAQ