Fully Maintained Service
We do it all
Callaghans provides for the full administration of the Self-Managed Superannuation Fund (SMSF). We will receive all records and related documents, maintain copies and send the originals to your address. This allows us to complete the work in a timely way and avoid delays. We do all the work and have full responsibility of the administration. You keep full control of investment decisions. Only the trustee (you) has signatory rights over the chequebook.
The benefits of this service include the following:
We will receive all correspondence and deal with as appropriate
We will receive all bank statements, dividend statements, buy/sell notifications etc and record all the details into our accounting system
Reconciliation of bank accounts
Preparation of all related investment schedules, i.e. capital gains register
Preparation of full financial statements as per Accounting Standard AAS 25, including Operating Statement, Statement of Financial Position
Preparation of Taxation Return
P.A.Y.G. compliance and returns
Trustees notes and minutes
Annual audit of fund
Member's beneficiaries' statements, showing amongst other information, preservation status and ETP components
Internet access to your portfolio through our online investment portfolio service
Yearly management reports which include:
Investment income report
Investment asset allocation chart
Investment movement report (buys/sells)
Investment Summary report (with yields)
Investment Summary report (with asset allocation percentage)
Our Flat Fee of $3,300 (GST inclusive) covers all of the above. This fee is paid each month ($275.00) via a direct debit facility from the Superannuation cash account. For certain complex requirements i.e. unusual capital gains situations our normal hourly rate will be charged with prior arrangement with yourself.