SWEEPING superannuation reforms is the catalyst for the launch of SuperFund Partners, a new business model created to better assist the needs of clients with a self managed super fund (SMSF).
Recent changes have proved challenging for trustees, financial planners and accountants, yet none has been more challenging than for those about to enter retirement.
Due to the constant complex nature of SMSF’s, company director and experienced financial planner Peter Kirk identified the need for a service that works with your existing accountant to simplify the superannuation process. The launch of SuperFund Partners is designed to meet this demand, bringing together a talented team of professionals with diverse experience, to meet these challenges head on.
General manager Carol Halton said SuperFund Partners is better placed to meet the needs of SMSF clients.
“SuperFund Partners will work with your existing accountant, by attending to the administration and book keeping functions while allowing your existing accountant to attend to the preparation and lodgement of the tax return as they may currently do for your business returns,” said Ms Halton.
“The inspiration behind this specialist superannuation firm is to provide clients with a range of specific services with the overall objective to increase each client’s portfolio.
“It’s important that clients engage a specialist firm who are up to date with new legislation and compliance issues, while providing extensive experience in structures and advice that gets results.”
SuperFund Partners will provide clients with strategic superannuation advice, daily administration, timely reporting, independent auditing services, fixed pricing, pension management and online access to super reporting.
Ms Halton said there had never been a more important time to engage a specialist in superannuation to maximise portfolios in the lead up to retirement.
“While you may like to think of this as effectively ‘bookkeeping’ for your super fund, we are able to achieve real efficiencies by undertaking our tailor designed process,” she said.
“Through the use of cutting edge technology we will process SMSF transactions on a daily basis. This will offer you a significant service advantage.
“Not only will you be able to access your superannuation information sooner, it will also help to promptly identify any potential compliance issues as they occur, as well as answer many commonly asked questions.
“For instance, am I close to contributing more than my contribution cap allows? Or am I entitled to commence a pension? How much can I withdraw? What are the tax consequences if I do?”
SuperFund Partners’ aim is to improve the process, so that clients can be confident of receiving a timely response to important questions and ultimately streamline the process.
“The best part is that we will be offering fixed pricing for all of our clients. The fixed price service fee includes ongoing daily administration, continuous compliance monitoring, ongoing management of existing pensions, annual financial statements and tax return preparation and lodgement,” said Ms Halton.
Also included in the fixed price is the preparation of BAS and IAS returns, online reporting, liaisons with independent auditors and liaisons with independent actuaries. Important questions can be answered by simply logging on to the SuperFund Partners website and viewing your current SMSF details and balances.
“It will be much easier for clients to answer our questions about transactions, when they happened last week, and not 18 months ago. Our clients can expect a marked improvement in the quality of the service currently provided in managing their SMSF,” said Ms Halton.
SuperFund Partners aim is to ensure costs remain extremely competitive while increasing the level of service offered and providing clients with the best value for money.
For more information on SuperFund Partners please contact Carol Halton on 5588 6200 or visit www.superfundpartners.com.au. The SuperFund Partners office is located at 80 Queen Street Southport Queensland.