SMSF Annual Accounts and Statutory Returns

Transcription

1 SMSF Annual Accunts and Statutry Returns Thank yu fr cnsidering SMSF Wrks t undertake the preparatin f yur fund s statutry accunts. We have attempted t utline the dcumentatin required t cmplete yur fund s annual accunts, audit and self managed superannuatin fund annual return. T assist yu in cllecting the dcumentatin t enable us t cmplete yur fund s annual accunts and statutry reprting we have incrprated an authrisatin frm t be signed and returned t ur ffice t start the prcess. We have als incrprated tw checklists. The first checklist includes infrmatin in relatin t financial statements and returns prepared by yur previus accuntant. The secnd checklist details dcumentatin required t cmplete the financial statements. Infrmatin shuld be frwarded t SMSF Wrks Pty Ltd, Level 4, 157 Spring Street, Melburne, We wuld prefer if yu culd supply cpies f the required dcumentatin. We will hwever scan the dcumentatin and return the dcumentatin t the Trustees. Shuld yu have any questins in relatin t this matter please d nt hesitate t cntact ur ffice. SMSF Wrks Pty Ltd Level 4, 157 Spring Street, Melburne Vic 3000 phne fax

2 TO WHOM IT MAY CONCERN Dear Sir/Madam, (fund name) We advise that we have requested SMSF Wrks Pty Ltd t act as administratr fr ur self managed superannuatin fund. In rder t assist SMSF Wrks Pty Ltd in cmpleting ur financial statements and incme tax returns, we respectfully request that yu furnish SMSF Wrks Pty Ltd with any financial infrmatin r cpy dcuments that may be required by them acting n ur behalf. This authrisatin is given t any financial institutin, stckbrker, advisr and any ther relevant party, engaged by us. This authrisatin is in respect f the year ended 30 June and all subsequent years r until such time that this authrisatin is withdrawn. Fr and n behalf f the Trustee:. (signature) (print name). (signature) (print name) dated: / / dated: / /

3 Checklist 1 Histric Infrmatin Please prvide the fllwing infrmatin where applicable 1. Trust Deed Please supply a prperly executed cpy f the fund s existing trust deed 2. Member/Trustee Infrmatin Fr each member please prvide the fllwing infrmatin/dcumentatin: Full name Pstal Address Residential Address Date f Birth Date Jined Fund Eligible Service Date Trustee Declaratin (required fr all members/trustees that jined a fund frm 1 st July 2007 nwards) Tax File Number Declaratin Binding Death Benefit Nminatin Last Member Benefit Statement (this dcument shuld include mst f the items listed abve) Minutes/agreements in relatin t any existing pensin accunts 3. Financial Statements & Annual Returns Please prvide cpies f the fllwing dcuments: Last set f financial statements Prir year incme tax return Fund s last audit reprt Actuarial certificate A detailed asset register setting ut the date f acquisitin, cst base, number f units/shares and value fr each asset r parcel f listed securities Level 4, 157 Spring Street, Melburne Vic 3000 phne fax

4 Checklist 2 Financial Year Dcumentatin Please prvide the fllwing infrmatin where applicable. 1. Rllver Dcumentatin Please frward a cpy f the Rllver Benefit Statement prvided by yur previus superannuatin fund fr any benefits rlled int yur Self Managed Superfund during the perid 1st July t 30th June f the relevant year. 2. Cntributins Please cmplete the fllwing table and include cntributins depsited t yur superannuatin funds bank accunt during the perid 1st July t 30 th June f the relevant year and all nn-cash cntributins (e.g. ff market transfer f shares) during the perid. Where the fund has received emplyer cntributins we will require details f the emplyers Australian Business Number. If a member is claiming a tax deductin in their persnal incme tax return then the member must als prvide a Ntice f intent t claim r vary a deductin fr persnal super cntributins. A cpy f this frm will be supplied upn cmpletin f yur funds annual accunts. Date Member Name Cntributin Type* (C) Cncessinal (N) Nn Cncessinal Amunt * Cncessinal cntributins are equivalent t either emplyer cntributins r deductible member cntributins. Nn cncessinal cntributins are the equivalent f undeducted cntributins. Level 4, 157 Spring Street, Melburne Vic 3000 phne fax

5 3. Pensin Payments, Lump Sum Withdrawals & Rllvers Out Please cmplete the fllwing table nting the type f benefit payment. Where SMSF Wrks has cmpleted the necessary paperwrk t dcument the benefit, n additinal paperwrk is required. SMSF Wrks will prvide the necessary minutes and payment summaries t cnfirm the annual payments. Date Member Name Type f benefit (L) Lump Sum (R) Rllver (P) Pensin Amunt 4. Bank Statements Please prvide a cpy f yur superannuatin fund bank statements fr the perid 1st July t 30 th June f the relevant financial year. T assist with the prcessing f transactins culd yu please prvide a brief descriptin f each transactin. This can be prvided in any frmat but can include an anntatin n the bank statement, a transactin listing r a detailed spreadsheet. 5. Listed Equities Please prvide details f all listed equity transactins fr the perid 1st July t 30 th June f the relevant year. The dcumentatin culd include: alltment ntices applicatin frms fr new flats/issues scrip certificates r CHESS statements brker cntract ntes transactin r cntract nte histry frm yur brker dividend ntices ff market transfer frms tgether with paperwrk supprting the valuatin at the date f transfer details f any dividend reinvestments, share buy backs, bnus shares, rights issues, share purchase plans r any ther capital recnstructins Level 4, 157 Spring Street, Melburne Vic 3000 phne fax

6 6. Public Trusts and Prperty Trusts Please prvide dcumentatin t supprt all transactins fr the perid 1st July t 30 th June f the relevant year. The dcumentatin culd include: acknwledgement f new depsits cnfirmatin f withdrawals quarterly distributin/reinvestment ntices annual taxatin statements 7. Prtfli Management Services and Wrap Accunts Where yu fund assets are managed by a brker r financial planner within a wrap accunts culd yu please prvide the fllwing dcumentatin: detailed list f transactins annual taxatin summary fr the relevant year end prtfli valuatin at 30 th June f the relevant year unrealised capital gains reprt at 30 th June f the relevant year annual audit certificate frm the service prvider 8. Prperty Where the fund hlds prperty please prvide the fllwing dcumentatin: certificate f title shwing trustee wnership declaratin f trust r instrument establishing that prperty is held in trust n behalf f the superannuatin fund purchase cntract lease agreement rental receipts invices supprting prperty expenses, maintenance r capital imprvements prperty valuatin 9. Life Insurance Please prvide a cpy f the Annual Life Insurance Statement fr each member. 10. Other Matters Please supply cpies f the fllwing dcumentatin: minutes f trustee meetings dcumented investment strategy f the fund annual cmpany statement (fr crprate trustees) Level 4, 157 Spring Street, Melburne Vic 3000 phne fax