SMSF Toolbox

I’ve been involved with the SMSF sector since its inception as a financial planner, administrator, technical expert, mentor and trustee. So long, in fact, that whenever I glance at the details of an SMSF I immediately identify a range of potential dangers and opportunities. It’s a habit. Some of these are based on facts and some on the vibe that comes with experience. They can’t be regarded as strategies – more as purposeful insights – because this information alone is not sufficient to make that call. This gave me the idea to create our SMSF Toolbox

By combining significant practical SMSF experience with purpose-built algorithms we now produce over 20 targeted SMSF opportunities for you. Each opportunity has been researched but requires your expertise to determine whether it is appropriate so we also present you with all the available data for you to undertake each analysis.

Opportunities and alerts we specifically identify with supporting data and white papers include;

  • Account equalisation by
  • Birthday alerts supported by emails and relevant information specific to milestone birthdays
  • Trustee alerts including
    • individual trustee conversions to  corporate
    • trustee/director member mismatch
  • Deed alerts including upgrade suggestions
  • Excess/insufficient cash as per parameters you set
  • Excess contributions including proactive reallocations
  • Transfer balance maintenance including
    • excess alarms where data is available
    • processing over minimum pensions as accumulation account withdrawals or pension commutations
  • Future service deduction and untaxed element analysis for members with, and without, insurance cover including calculators to model different scenarios
  • Investment strategy asset allocation mismatch
  • Binding death benefit nomination analysis including
    • existence
    • expiry
    • allowability under deed,
    • confirmation of type,
    • validity and
    • suitability of execution
  • Maximising this years NCC eligibility by applying allowable revaluation techniques and contribution splitting to last 30 June total super balance
  • Maximising next year’s NCC eligibility as above but with additional cash movements
  • Identifying new pension opportunities
  • Proactively identifying pension issues for both the current and previous year such as
    • under minimums
    • over TTR maximums
    • reallocation across pension members
    • minimising transfer balance accounts
    • alerts when TTR and reversionary pensions are to count for transfer balance accounts
  • Recontribution for tax purposes
  • Second fund potential
  • Investment strategy tool covering gearing, insurance, reserves, derivatives and collectables
  • and more

Naturally, many of our insights will merely confirm what you had already planned but we are confident that we will also be providing answers to questions you have not yet asked. As such, we are not only providing you with the tools you need to provide a more proactive, efficient and profitable SMSF service, we are also providing you with a valuable compliance tool.

The toolbox contains a number of other useful features including strategy white papers and calculators. A popular inclusion is our Investment Strategy creator. Armed with your SOA, it will take you under 5 minutes to produce a suite of investment strategy documents, in editable Microsoft Word format, catering for lumpy assets, life insurance, borrowing pensions, reserves, derivatives, bitcoin and collectables.

Like other wholesale SMSF Administrators, we provide a full range of SMSF services. We believe they are of superior quality and value, but alternative providers will claim the same. We are unique, however, in providing you with this tool.

Why not watch our short video for more details? When you’re ready to discuss fees, including our transfer special offer, and other important issues just contact me, David Busoli at dbusoli@smsfalliance.com.au, or phone 0499 778 584. If you’d like to book a preliminary phone call to see if our businesses are a good fit or a Zoom meeting to investsigate our SMSF Toolbox in more detail you can access my calendar here.