trustdeed.com.au  e-newsletter

New Audit Report uploaded

We have uploaded the new SMSF audit report released by ATO on 26th June 2017 on www.onlinesmsfaudit.com.au. The new audit report must be used by SMSF auditors to audit Self Managed Super Funds for any accounting period commencing from 1st July 2016 or for any other previous periods.

Due to the changes in the audit report, we have also updated our:

• Engagement Letter
• Trustee Representation Letter
• Auditors Management Letter (issued to trustees at completion of an audit)

Since some of the audit parameters have changed (to read what's new in this audit report - click here), we strongly recommend that auditors arrange the new engagement letter to be signed by all trustees including for funds audited by them in previous years.

Pension Documents Upgraded

Cost $220 Incl. GST

Pension Agreement is an important document for pensioners in an SMSF as it determines the destiny of their superannuation interest whilst they are in pension phase and after their death. We have recently upgraded our pension kit and Product Disclosure Statement is updated to Superannuation Bill Treasury Laws Amendment (fair & Sustainable superannuation) Bill 2016. Our pension agreement complies with new super rules from 1st July 2017, below are some unique features of our pension documents:

• At the time of death of the pensioner, will automatically pay the pension to the reversionary pensioner and if the reversionary pensioner is not alive will pay a death benefit pension or lump sum to the person nominated in a valid death benefit nomination and if there is no valid binding death benefit nomination in place, will pay a death benefit pension to any dependant or a death benefit lump to any one at its own discretion.

• As per our Pension Agreement, the retiree will have the :
  • ability to change the reversionary beneficiary at a later date without commuting and recommencing a pension
  • ability to nominate a reversionary beneficiary - if not already done at the time of commencing a pension without commuting and recommencing a pension

• Allows the trustee to segregate assets of the fund for investment purposes to the pension account, so that income of certain assets can be credited to the pension account

• Any TRIS will automatic convert to a simple account based pension automatically when a condition of release is met and notified by the pensioner to the trustee - such as retirement, terminal illness or age 65 etc

Should you have any questions on our pension documents, do not hesitate to contact our support team on 02 96844199

Audit SMSF in Half Time - using our online Audit Tool

Register and Trial Audit 5 Funds for Free  

Let us show you...

How to reduce SMSF Audit time in half!

Do more with less ...

Australia’s first online SMSF Audit Software – Fully Automated Online SMSF Auditing Software

Workshop : 4 hours from 11.00 am to 3.00 PM

When:

25th July 2017 - Baulkham Hills - SOLD OUT 

10th August 2017 - Stamford Plaza - Melbourne - 7 Seats Left

29th August  2017 - Baulkham Hills - 6 Seats Left

19th September 2017 -Baulkham Hills - 15 Seats Left

Where: Suite 3.04, Level 3, 29-31 Solent Circuit Baulkham Hills, NSW- 2153

Cost: $165 incl. GST 

(Includes working Lunch / Coffee + 10 online audits worth $187 + 4 CPD Hours From FPA)

How to Register: Visit  https://www.onlinesmsfaudit.com.au/SeminarBooking.aspx

Benefits/learning outcomes

Recommended For

All SMSF ASIC approved auditors.

 

CPD Hours

4 CPD hours under self assessment method under RG 243.88 - 90 for Audit of SMSF.

This activity has been accredited for continuing professional development by the Financial Planning Association of Australia but does not constitute FPA’s endorsement of the activity.

Accreditation number 008743 for 4 hours. Professional Dimensions Capability 2 Hours Professional Conduct 2 Hours - Knowledge Areas;  4 Hours SMSF

 

Attendee Requirements

Attendees may bring their own Laptops / Ipads for a better understanding - although some attendees may get more from the workshop by looking at the facilitators screen. 

 

Speaker

Mr Manoj Abichandani

ASIC approved SMSF Auditor, B.Bus(UTS), SMSF Specialist (UNSW) CTA FIPA LREA

Manoj has worked in SMSF space for over 25 years, first as an SMSF specialist advising over 600 funds with a CPA firm and later as an SMSF auditor. He develops and lectures on strategies which are practical and enhances retirement benefits of trustees. He has been working for the last 6 years in writing and developing online SMSF audit software- Australia's first SMSF auditing tool.

 

DEED DOT COM DOT AU PTY LTD ABN: 32 123 929 984
Suite 3.04, Level 3, 29-31 Solent Circuit , Baulkham Hills NSW 2153  Phone: (02) 9684 4199