I am a trustee of a Self Managed Super Fund
Frost Financial Planning provides an integrated advice and (outsourced) administration service to SMSF Trustees. Our service is a forward looking service. Your fund transactions are processed daily so that we know the current state of your fund, and can work with trustees on future planning at any stage during the financial year.
Our philosophy is to use technology to the maximum extent possible, and reduce the need for manual data entry. This is achieved by our fund administrator obtaining daily data feeds from cash accounts, stock brokers, etc.
The result for clients is that as your adviser, we have current information about:
- The overall position of your SMSF
- Asset Values
- Income and Expense details
- Likely tax position
- Member Account Details
- Value of accumulation accounts
- Value of pension accounts
- Tax and preservation status of benefits
- Member contributions
This allows us to work with Trustees and implement planning opportunities throughout the year. We are not waiting on external providers to provide us with fund details as at 30th June last financial year. (Sadly, many SMSF Trustees do.)
If you wish to know more about our stream-lined services to SMSF Trustees, contact our office to make an appointment.