Self Managed Superannuation Services in Melbourne
For those clients wanting to have greater control of their retirement fund, the staff at LFM can explore the opportunity of setting up a self managed superannuation fund. With the assistance of self managed super fund specialists, the staff at LFM will ensure the fund is established including the provision of Trust Deeds, registration with the ATO, preparation of minutes, membership applications, trustee declaration and consent forms.
All self managed superannuation funds must annually prepare financial statements and an income tax return. LFM has specialised accounting software to efficiently facilitate the preparation of self managed superannuation fund financial statements including portfolio reports detailing asset cost prices against market values. Data is input within the software from client’s source documents to avoid clients having to maintain their own records or spreadsheets.
Provision of Audit Services
It is a requirement that all self managed superannuation funds are audited annually. LFM employ the services of an independent auditor and work directly with that auditor to ensure the audit is completed effectively and efficiently whilst adhering with the rules and regulations of the superannuation industry (supervision) legislation. For any complex transactions the staff at LFM will liaise with the auditor to ensure it meets all legislative requirements before being actioned.
Pension Calculations and Structuring
When the time comes for a member of the self managed superannuation fund to draw a pension, the staff at LFM will liaise with the client on the different pension options available as well as preparing all the necessary documentation to ensure the pension is setup correctly. With strict legislation governing the minimum and maximum pension requirements, LFM will ensure the client is fully aware of how much pension they must draw well before any deadlines.
For superannuation advice in Melbourne, call Lenton Financial Management on (03) 9854 6330.