At Supernova we understand the importance of the relationship you have with your clients. That’s why, if you use our SMSF services, you can be sure that we are not in competition with you for the same SMSF clients and would never contact your clients
Our wholesale fees are only available to SMSF professionals including financial planners, accountants and brokers. We generally don’t deal direct with trustees.
Supernova is 100% Australian owned and operated We don’t off-shore the work but on occasion our team members may work remotely from outside Australia We leverage technology rather than low-cost labour to deliver our services.
Daily administration is more than simply the basic compliance administration which includes the preparation of financial statements and SMSF annual return. Full administration’ provides additional services including: investment accounting, access to online investment platforms, investment analysis and reporting. In addition to the up to date
Our currently monthly fees are $880 for SMSFs that fit into our Standard service. When an SMSF has property (residential or commercial),with or without a limited recourse borrowing, the fees increase to $990. We reserve the right to quote a higher fee in certain situations where the
The Government has not made any major changes to Superannuation in the 2018 budget but there are still some minor tweaks to be aware of: 12 Month work test exemption for certain members over 65 Maximum SMSF Members to be increased from 4 to 6
Bill Shorten, when justifying Labor’s proposed removal of the full reimbursement of imputation credits, was quoted on radio on Friday 23rd March as saying “If you don’t pay income tax you shouldn’t get a tax refund” Firstly, the obvious point if you are getting a
With the new super rules beginning on 1 July 2017, your requirement to report information about your SMSFs and the pensions it pays may be changing. This is driven by the introduction of the new $1.6 million transfer balance cap which limits the amount of
The Australian Tax office has has substantially softened a highly controversial ‘events-based’ reporting proposal after consultation with industry bodies. The below is a edited summary of the ATO release From 1 July 2018: • SMSFs with members with a total super balance of less than $1
Key points Significant impact to Exempt Pension Income Calculation (ECPI) Increased reporting and administration requirements Additional importance of pension minutes and documentation to ensure compliance Who does it affect? Funds that change to, or from 100% Pension during the year. Eg 100% accumulation fund converts
