UPDATING AN SMSF'S DEED

The NTAA Corporate trust deed provides considerable flexibility for members during their accumulation and retirement phases and also for their estate planning needs. Included in the service are:

• deed of variation (incorporating a pro forma application for membership and notification to contributing employer forms)
• draft trustee and any other relevant party resolutions
• comprehensive Product Disclosure Statement materials for each member (incorporating pro forma member contribution notice and Binding Death Benefit Nomination ('BDBN') forms)
• detailed instructions, including explanation of how to execute the documents
• investment strategy template

This service provides documents which amend an SMSF’s existing trust deed, taking into account current superannuation laws and the latest planning strategies.

Due to the many recent superannuation reforms, we recommend that all accountants and trustees consider the need to upgrade their deeds, particularly where the members intend to consider superannuation or retirement planning in the near future.

While funds which are in an accumulation phase may only feel the need to update their deeds on an ad hoc basis, we recommend that deeds be reviewed in detail before any major decision is implemented, such as commencing an income stream, making substantial contributions, splitting a contribution with a spouse or undertaking their estate planning.

An experienced lawyer is the best person to review, amend or update an SMSF deed. Accountants who assist their clients to upgrade their deeds to save money are putting their own practice and their clients fund in danger.

Discounts for bulk upgrades

We offer discounts for large orders of SMSF Deeds of Variations. We gain efficiencies where there are common deed suppliers across sizeable upgrades and we pass part of this saving onto you.

For information on ordering, see SMSF products.