Self Managed

1
Self Managed Superannuation Funds when, why
and how you can assist your clients
Martin Murden ANZIIF (Fellow) CIP, CPA, SSA,
B.Ec Partners Superannuation Services November
2006
2
The unwelcomed surprise
Fund commenced April 1998 Value at June 2005 was
802,000 Accounts prepared and audited How
long to determine non-compliance? What are the
penalties?
3
Aims Objectives
To help you recognise and provide solutions to
SMSF problems which will result in
improved client satisfaction levels
and assist you in acquiring new clients
and increasing the bottom line.
4
Starting a SMSF
Who is suitable Amount of funds needed Type
of client When shouldnt a SMSF be used Role
of the clients accountant
5
Establishing a fund correctly
Trust Deed Consents and Minutes Applications
Dating ATO Election
6
Establishing a fund correctly
Member/trustee rules 1 member fund 2-4 member
fund Corporate or individual trustees
7
Investment Strategy
Why a Strategy is not an Investment Plan Why
clients need a Strategy and a Plan
8
Record keeping and reporting
The financial planners role The accountants
role
9
Starting a pension
Accounts Agreements and Consents Registering
with the ATO
10
Insurance Cover
Death Total Permanent Disablement Temporary
Disablement
11
Death Benefits
Lump sum or pension Binding nominations
Second marriages/de factos
12
Pensions and CGT
Impact on death of pensioner Preventative
action
13
Important Information

• This presentation has been prepared to provide
  you with general information only and is not
  intended to be relied upon as advice. In
  preparing this information, we did not take into
  account the objectives, financial situation or
  needs of any particular person. It is important
  that you seek professional advice before making a
  financial product decision or alter yours or your
  clients financial circumstances. By seeking
  assistance, your or your clients objectives and
  financial situation can be analysed to determine
  the appropriateness of the information contained
  within this presentation. This presentation is
  based on our understanding of current
  legislation. Legislation may change and this may
  affect the accuracy of this information and its
  relevance to your personal/financial situation.
  Whilst every effort has been made to provide
  accurate and complete information, Partners
  Superannuation Services Pty Ltd do not give any
  warranty as to the accuracy, reliability or
  completeness of the information contained in this
  presentation or relevance to your or your clients
  personal and financial situation. To the maximum
  extent permitted by law, Partners Superannuation
  Services, its employees, authorised
  representatives or any other person do not accept
  any liability for any error or omission in this
  presentation or for any resulting loss or damage
  suffered by you or any other person.

14
Contact details
Email martin_at_partnerservices.com.au Phone 03
9576 0814, 0416 186 589 Postal 33 Glenferrie
Road, Malvern 3144
15
Any questions?