FINANCIAL PLANNERS
INFORMATION AT YOUR FINGERTIPS
When you have a question from your client and it results in an SOA/ROA, having up to date information is crucial.
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For example, 1. Are their SMSF member balances approaching $1,9 million and can they make additional contributions? 2. What’s the best option for withdrawing additional funds from their super account. Is it a lump sum from the pension account, the accumulation account, or maybe a mixture of both?
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Knowing the member balances as at the end of the prior financial year will hardly be sufficient. This would be a typical scenario if you are relying on an Accountant to lodge your client's SMSF accounts in a once a year type service.
DIRECT ENGAGEMENT WITH YOUR CLIENT
Have you considered engaging with the trustee directly regarding their ongoing SMSF administration and annual tax lodgements?
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Some of the benefits of this arrangement;
1. Current and continuously updated client member balances are available when you need it
2. More client touch points are possible creating a deeper engagement
3. Combine your ongoing client reviews with your custom branded paperwork ready for signing so to lodge their SMSF tax work
