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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[…]

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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[…]

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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[…]

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WHY IS SUPERNOVA CHEAPER THAN OTHER SMSF ADMINISTRATORS?

We do this by: Providing Innovative Processes We continually refine and adapt our processes utilising automation and technology to increase accuracy, provide faster turnarounds and to keep costs down SMSF Expertise We know SMSFs – it is all we do. Our Administration solution will not only take away the hassle we can ensure your clients[…]

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CAN WE SELECT OUR OWN SMSF AUDITOR

Yes. But many of the efficiencies built into our system are lost and it will impede the service we are able to deliver to you as an adviser. Our default auditor is familiar with our systems and has been involved in the development process. Alternate auditors may not have the same economies of scale and[…]

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