ARE THE SERVICES PROVIDED BY SUPERNOVA AVAILABLE DIRECTLY TO SMSF TRUSTEES?
Our wholesale fees are only available to SMSF professionals including financial planners, accountants and brokers. We generally don’t deal direct with trustees.
NEWS
DOES SUPERNOVA OFFSHORE?
Supernova is 100% Australian owned and operated We don’t off-shore the work but on occasion our team members may work remotely from outside Australia We leverage technology rather than low-cost labour to deliver our services.
WHAT IS ‘DAILY’ SMSF ADMIN?
Daily administration is more than simply the basic compliance administration which includes the preparation of financial statements and SMSF annual return. Full administration’ provides additional services including: investment accounting, access to online investment platforms, investment analysis and reporting. In addition to the up to date
WHAT ARE YOUR SMSF ADMIN FEES?
Our currently monthly fees are $880 for SMSFs that fit into our Standard service. When an SMSF has property (residential or commercial),with or without a limited recourse borrowing, the fees increase to $990. We reserve the right to quote a higher fee in certain situations where the
Budget 2018 Superannuation Changes
The Government has not made any major changes to Superannuation in the 2018 budget but there are still some minor tweaks to be aware of: 12 Month work test exemption for certain members over 65 Maximum SMSF Members to be increased from 4 to 6
Removing imputation credit rebates – That’s not fair
Bill Shorten, when justifying Labor’s proposed removal of the full reimbursement of imputation credits, was quoted on radio on Friday 23rd March as saying “If you don’t pay income tax you shouldn’t get a tax refund” Firstly, the obvious point if you are getting a
SMSF Alert: Deferral of lodgment due date for 2016–17 SMSF annual returns
The ATO has deferred the due date for lodgment of self-managed superannuation fund (SMSF) annual returns for the 2016–17 financial year. The new deadline for lodgment of these returns is now 30 June 2018. Commenting on the announcement, Deputy Commissioner James O’Halloran said: “Recognising the crucial
New reporting requirements for superannuation pensions
With the new super rules beginning on 1 July 2017, your requirement to report information about your SMSFs and the pensions it pays may be changing. This is driven by the introduction of the new $1.6 million transfer balance cap which limits the amount of
ATO release details on Event Based Reporting
The Australian Tax office has has substantially softened a highly controversial ‘events-based’ reporting proposal after consultation with industry bodies. The below is a edited summary of the ATO release From 1 July 2018: • SMSFs with members with a total super balance of less than $1
Changes to Segregated Pension Assets and Actuarial Certificates
Key points Significant impact to Exempt Pension Income Calculation (ECPI) Increased reporting and administration requirements Additional importance of pension minutes and documentation to ensure compliance Who does it affect? Funds that change to, or from 100% Pension during the year. Eg 100% accumulation fund converts