The following checklist will help you get on top of everything that needs to be when starting an SMSF pension.
A health check of your SMSF’s investment strategy could help improve your fund’s performance.
Want to avoid an SMSF penalty? Make sure you use our annual admin checklist.
The minutes from trustee minutes are very important documents for your SMSF. Your auditor will examine them carefully every year and if your fund is ever randomly examined by the ATO, you will be in a much better position if you have comprehensive minutes around all major decisions made for the fund.
The past few years have seen SMSF trustees kept busy implementing numerous legislative modifications to the super system, plus the major reform package commencing on 1 July 2017. Unfortunately, this financial year seems unlikely to be any different.
Self managed superannuation funds are required by law “to formulate, review regularly and give effect to an investment strategy.”