Strategic Advice
Maximise Opportunities
Maximise Opportunities, Stay Within the Rules
Controlling your own superannuation through an SMSF provides flexibility, but it also means navigating a complex set of contribution, pension, investment and tax rules.
At Allied Accounting Group, we help you understand those rules, structure your SMSF administration and tax reporting correctly, and work alongside your licensed financial adviser where needed.
What’s Involved in Strategic SMSF Support
Our focus is on helping you use the SMSF rules correctly from a tax and compliance perspective, and ensuring your fund’s records, reporting and elections reflect your chosen strategies.
We can:
- Explain contribution types and caps from a tax and compliance standpoint
- Help you understand how different pension structures are reported and taxed within the fund
- Highlight where legislative changes may affect your fund’s administration or reporting
- Work with your licensed financial adviser to implement the administrative side of the strategies they recommend
We provide general information and tax/compliance support. Any recommendation about what you should contribute, invest in, or when you should start a pension must come from an appropriately licensed financial adviser.
Contributions, Getting the Foundations Right
There are several types of superannuation contributions, each with their own rules and limits. We help you:
- Understand concessional and non-concessional contribution caps and how they apply to your fund
- Correctly record contributions and ensure they are reported in line with ATO requirements
- Identify when contributions may be approaching legislative thresholds so you can seek timely financial advice if needed
Our role is to make sure the administration and reporting of your chosen contribution strategy is handled correctly; the decision about which strategy is right for you is one to make with a licensed adviser.
Pensions and Income Streams, Tax and Reporting Support
Once you are eligible to start a pension from your SMSF, there are specific tax and reporting rules that apply.
We can help you:
- Understand the difference between accumulation and pension phases from a tax and reporting perspective
- Set up and maintain pension records and minimum pension payment calculations
- Prepare the fund’s accounts and tax return in line with the fund’s pension arrangements
- Comply with transfer balance account reporting (TBAR) requirements where applicable
We will not tell you when to start a pension or how much to draw each year – those decisions should be made with a licensed financial adviser. Our role is to ensure the fund’s records reflect those decisions correctly.
Navigating Complex Rules
SMSFs are subject to a range of detailed rules and thresholds. We can assist with the tax and compliance aspects of:
- Transfer balance cap reporting and monitoring from a fund perspective
- Managing events that may give rise to non-arm’s length income (NALI) risk from an administrative standpoint
- Ensuring the fund’s records support its investment strategy and comply with the sole purpose test and in-house asset rules
Where we identify areas that may require specialist legal or licensed financial advice, we will let you know so you can seek further guidance.
Who This Service is For
This service is suited to SMSF trustees who:
- Want to make the most of SMSF structures with proper administration and tax support
- Have more complex arrangements, such as pensions, multiple members, or business assets
- Work with (or plan to work with) a licensed financial adviser and need the back-end SMSF support to implement strategies correctly
Make Better Use of Your SMSF, with the Right Support
Discover how SMSF-focused administration and tax support can help you manage contributions, pensions and reporting more confidently.
Book Your Free Strategy Session
We’ll review your current SMSF administration setup, outline opportunities to improve processes and compliance, and discuss how we can work alongside your other advisers.
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Important information
The information on this page is general in nature and does not take into account your personal objectives, financial situation or needs. Allied Accounting Group provides SMSF administration, taxation and compliance services. We do not provide personal financial product advice. You should seek advice from an appropriately licensed financial adviser before making decisions about contributions, investments or pension strategies.
All SMSF audits are conducted by independent ASIC-approved SMSF auditors. As trustee, you remain legally responsible for the operation and compliance of your SMSF.
Since 1 July 2016, advice about superannuation must be provided through an Australian Financial Services Licence. In order to provide personal advice to our clients in relation to superannuation and self managed superannuation funds, Allied Accounting Group Pty Ltd chosen to be authorised through the SMSF Advisers Network Pty Ltd (SAN) – the Australian
Financial Services Licence of the National Tax and Accountants’ Association Ltd (NTAA).
SAN supports our practice in providing advice regarding:
- Establishment of SMSFs
- Contribution strategies (amounts, types, withdrawal and recontribution)
- Pension strategies (account based and transition to retirement)
- Transfer of business real property into superannuation
- Withdrawals, commutations and death benefit payments
- Limited Recourse Borrowing Arrangements
- Provision of an asset class investment strategy (based on an assessment of your risk profile)
- Winding up of SMSFs
The person/people at this practice authorised by SAN to provide superannuation and self managed superannuation fund advice is/are:
Gavin Woolford – Authorised Representative No. 001243429
Elliot King – Authorised Representative No. 001272991