With great benefits comes great responsibility, but the good news is Bselfmanaged is here to help. As a trustee of your own superannuation fund you have specific responsibilities to the members of the fund and obligations in complying with SIS Act and the ATO. At Bselfmanaged we simplify the administration and compliance process, making life easier for our clients and Professional Partners.

Responsibilities as Trustee of your SMSF include:

• Making sure the investments are managed and invested in accordance with an Investment Strategy.
• Making sure that your fund is remains compliant, this includes up-to-date trust deeds, ongoing administration and adhering to superannuation and regulations.
• Record keeping for your superannuation fund including bank accounts, insurance, investment statements, valuations etc. These should be kept separate from your  personal financial interests
• Ensuring your super fund’s investments are held in the correct names (the name of the trustee)
• Reviewing the life insurance needs of the members, this include life cover and disability cover
• Getting your fund audited each year by an independent auditor