Administration of an SMSF

Do you have an SMSF and need assistance? Or are you not satisfied with your current SMSF provider?

The team at Totally Super are here to relieve you of the burden of administration which can sometimes get complicated and requires specific knowledge. With help from our dedicated experts we can make the responsibility for decisions relating to investments and structuring as an SMSF trustee straightforward giving you time to focus on your retirement and your family.

Totally Super have the know how to provide all administrative services required for SMSFs to ensure the fund remains fully compliant with all rules under the SIS Act, SIS Regulations and ATO guidelines. The many administrative functions that we can provide assistance with are

• Trust deed updates – it is important that an SMSF trust deed is up to date so the there are no missed opportunities which may be created by changes in the SIS legislation.
• Change in trustees – change between individuals or corporate, including any required deed variations
• Assistance with preparation and lodgement of BAS & IAS statements
• Fund conversion from Accumulation mode to an Account Based Pension or Transition to Retirement Income Stream (TRIS)
• Tax calculations & preparation of documentation for lump sum & pension payments
• Assistance with Limited Recourse Borrowing Arrangements (LRBA) for property purchases
• Bare trust setup to facilitate the purchase of a LRBA property through your superannuation fund including documentation for the bank or third-party related lender
• We can also receive any paperwork on your behalf throughout the year to assist with maintaining asset & investment registers
• Correspond with share registries
• Liaising with your chosen specialists including Financial Planners, Stockbrokers and Lawyers
• Assist in completing all necessary paperwork to claim a deduction for contributions - Notice of Intent to Claim a Tax Deduction (s290-170) 
• Liaising with the ATO