New Pension Kit: Commence a new Account Based Pension (‘ABP’) or Transition to Retirement Income Stream (‘TRIS’)

Contains guidance and template documentation to commence an ABP or TRIS. A PDS is specifically tailored for an ABP or TRIS. Allows a nomination of an auto-reversionary beneficiary.

Converting an existing TRIS to an ABP

Contains guidance and template documentation to convert an existing TRIS to an ABP. An ABP PDS is specifically tailored for an ABP. Allows a nomination of an auto-reversionary beneficiary.

Important note – due to recent ATO and legislative developments, the conversion documents are currently on hold pending further clarification. The pension commutation and new pension commencement documents when used together achieve a similar result. We will update our website as soon as we have clarified the effectiveness of conversion documents with the ATO.

Pension Commutation (Full or Partial) (including to fall within the transfer balance cap)

Fully or partially commute an ABP or TRIS (includes option of cashing lump sum asset(s) in specie).

Contains guidance and template documentation to terminate a pension and roll the resulting lump sum back into the fund. Outlines each stage of the roll-back process and the relevant steps that need to be taken.

SMSF to SMSF Roll-Over Kit

Contains guidance and template documentation to roll-over a lump sum from one SMSF to another.

SMSF Wind Up Kit

Contains guidance and template documentation on the steps to wind up an SMSF.
The detailed memo outlines the key ‘tips and traps’ and frequently asked questions surrounding SMSF wind ups.

Lump Sum Kit

Contains guidance and template documentation on the payment of a lump sum. 
A checklist outlines each stage of the process and the relevant steps. 

Investment Strategy Kit

Contains guidance and template documentation with a practical, comprehensive explanation of how to draft investment strategies for SMSFs.

This kit should be used when the investment strategy of an SMSF is being formulated or reviewed. 

Investment Reserving Kit

Contains guidance and template documentation on how to establish, maintain or apply reserves in an SMSF. 

It explains the benefits of reserves and where their use would be very valuable. 
Focuses specifically on investment reserves (ie, earnings from the fund’s investments which are credited to a reserve account) and unallocated reserves. Uses worked examples to better illustrate the relevant concepts.

Contribution Reserving Kit

Contains guidance and template documentation on how to establish and maintain contribution reserves.  It also outlines the benefits and risks associated with contribution reserving.

Detailed memo outlining the features of contribution reserving, the requirements for relevant parties (SMSF trustees, SMSF members and employers) and the ATO’s recent views.

Trustee Compliance Kit

Contains guidance and template documentation on how to record trustee resolutions and minute keeping. 

These minutes relate to numerous changes that may occur to an SMSF including admitting a new member, retiring a member, and acquiring a new asset.
The format of different resolutions, such as circulating resolutions (where there is no need for a meeting), meeting minutes, sole director record of decisions, etc, are included in this kit.

The kit is also very handy for advisers whom wish to draft resolutions on behalf of their SMSF clients.

SMSF Materials Database

This is a practical research tool for all SMSF advisers. It is a detailed database of relevant SMSF material.

A comprehensive resource for anyone who needs to quickly access SMSF related material and has hyperlinks to the materials on the web. Designed around an easily navigable Excel format, this is a practical source of information and is updated each 1 September. This product is purchased as a once-off licence.