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Self-managed superannuation funds (SMSFs) popularity has grown steadily in the last decade. The ability to take control of your own superannuation has been the catalyst for this huge growth.  Understanding the regulated environment in which SMSFs operate can be a challenge.  At Grand Ridge Financial we can guide you through all your legal and accounting obligations.

 SMSF Administration Service

The Grand Ridge Financial licencee, First Financial Pty Ltd, has an excellent SMSF Administration service which includes the preparation of the financial statements, SMSF annual return and GST Return along with lodgement requirements associated with the compliance obligations. In addition, they provide assistance with the fund’s investment strategy, minutes of trustee meetings, fund audit, and liaison with the Australian Taxation Office.

The service includes:

  • Fixed fee for services provided
  • Timely and accurate complying financial reports
  • Preparation of Financial Statements and Reports
  • Preparation and lodgement of Income Tax Returns
  • Arranging an Independent Audit
  • Pension calculations
  • Actuarial certificate (if required)
  • Assistance with the preparation of all required minutes
  • Preparation of annual PAYG payment summary – (if under 60 years of age)
  • Business Activity Statements / Instalment Activity Statements
  • Mail house service
  • Maintain records of all fund investments including sales and purchases for capital gains tax purposes
  • Benefit payment processing compliance and ATO reporting

They also support Grand Ridge Financial with assistance on new Fund Establishments, including:

  • Trust Deed
  • Trustee consent forms and minutes
  • Member Applications
  • Binding death nomination forms