FAQs

Shartru has established Strategic SMSF Solutions to enable the provision of a high quality and timely administration and accounting service for self managed superannuation funds to ensure that there is a consistency of treatment across the Shartru advisor base at a very competitive price. Our arrangements are such that there will be quarterly fund reconciliations which will enable all reporting obligations (such as transfer balance account reports, instalment activity statements etc) to be completed within the ATO’s timeframes, thus ensuring compliance with the trustee’s obligations and making the end of year administration, accounting and audits a considerably easier process.

Our administration service will provide full reporting capabilities to ensure compliance with any particular HMRC requirements in the UK. The administration and accounting service will also be able to deal with segregated asset pools to assist in managing QROPS sourced monies where required.

No, we have already had interest expressed from a number of accountants who would like to outsource their SMSF administration and accounting to Strategic SMSF Solutions. Accounting and administration clients of Strategic SMSF Solutions do not need to be clients of a Shartru advisor.

Yes, Strategic SMSF Solutions has negotiated a package through which an extensive range of SMSF documents are able to be generated. We have been fortunate to be able to discuss the content of a number of documents with the provider who has arranged changes to the documentation to suit our particular needs. In particular, we are able to offer QROPS SMSF deeds with a robust and comprehensive set of clauses to provide clear guidance and direction to those advisors dealing with UK pension transfers or who may provide services to existing SMSFs QROPS-based monies. The documents have been extensively reviewed and are written in a manner which balances the need for information and technical references and in a style that encourages comprehension.

In addition, the Constitution of the company acting as the corporate trustee of an SMSF has been written in such a manner to interlink with the SMSF trust deed ensuring that matters such as succession issues and control of the SMSF are able to be seamlessly achieved. All companies that we would establish as corporate trustees will be established as “special purpose companies” as a default (unless otherwise requested), thus leading to significantly lower ongoing ASIC fees.

Strategic SMSF Solutions is a registered ASIC Agent which allows us to interact with ASIC on behalf of corporate trustees to manage the annual and ongoing company obligations.

Yes, with the oversight of Neil Stafford we are able to view the accounts of the funds as they are delivered to Strategic SMSF Solutions with a view to identify any particularly advice opportunities for the advisor to follow-up by drawing on a significant number of years of expertise and experience in this area. We believe that this will offer advisors a perfect opportunity to enhance their strategic advice relationships with their trustee clients.

No, we believe that anyone with complex queries and advice opportunities should take advantage of the capacity to be able to discuss such matters with Neil Stafford and for advisors to work with Neil to produce complex and strategically targeted Statements of Advice for their trustee clients. As an example, we would look to assist advisors in providing complex advice on such matters as:

• Limited Recourse Borrowing Arrangements (“LRBAs”)
• asset segregation/tax segregation
• small business CGT concessions
• transfer balance cap issues
• payment of death benefits/binding death benefit nominations/other estate planning matters (including superannuation proceeds trusts in wills)
• capped defined benefit valuation matters and TBA impacts
• downsizer contributions
• treatment of fund reserves