Self Managed Super Funds

SMSF Trustees – what are your roles and responsibilities? Part Three

Why do I need to know? Having your own self-managed superannuation fund (SMSF) gives greater control over your superannuation.  But with this control, also comes greater responsibility.  It is crucial you understand your obligations of a trustee and ensure compliance so that you do not lose access to concessional tax treatments or face penalties.   …

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SMSF Trustees – what are your roles and responsibilities? Part Two

Why do I need to know? While having a self-managed superannuation fund (SMSF) can enable greater control over your superannuation; being a trustee brings with it extra responsibility and accountability requirements.  It is crucial that trustees understand these and the implications of non-compliance.   Part Two This is the second part in a multi-part series …

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Bank Audit Certificates – why are they required?

Why is the auditor asking for a bank audit certificate?  Why am I getting charged so much by my bank? As part of the audit process, the Auditor is required to verify the existence of assets shown in the financial statements of the organisation/company or SMSF and ensure that the entity or fund has legal …

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