2 minute assessment
| YES | NO | |
|---|---|---|
| Is your SMSF provider accredited with SPAA (Self Managed Super Fund Specialist Professionals Australia)? | ||
| Do you fully understand the obligations of your SMSF? | ||
| If your provider has less than 3 partners, do you have an independent auditor separate to their business? | ||
| Does your accountant administer more than 25 super funds? | ||
| If any member of your SMSF is over 55, is he/she receiving a pension? | ||
| If any member is aged between 55 and 65 and still working, is he/she taking advantage of the tax savings from a “transition to retirement pension”? |
||
| Have you devised a plan to maximise your contributions legally? | ||
| Have you given a trusted person a power of attorney? | ||
| Do you have a SMSF will? |
If you cannot answer yes to all these questions, you should consider whether your SMSF is being adequately administered. As these are only a sample of important SMSF issues, we are happy to further discuss these and other SMSF issues you may be concerned with. Please email or call Juanita Sharp, on 1300 389 839.