Welcome to ESUPERFUND's December Newsletter.
We would like to take this opportunity to thank you for your support over the course of the past year. We wish you an early Merry Christmas and a Happy New Year.
In this issue, we address frequently asked questions regarding the 2018 Annual Checklist after its submission. Next, we advise how to track your SMSF’s Annual Tax Return status. Finally, we introduce a new web page to assist you in understanding the tax return by detailing the income tax calculation.
Client Services Manager
The ESUPERFUND offices will be closed from Friday 21 December 2018 to Wednesday 02 January 2019. We advise that should you have an urgent query during this period, please submit an Inbox Query. We will have a small team handling the Inbox Queries and please kindly expect a delay in our response during the office closure period.
We advise that you cannot amend the Checklist after its submission. If you would like to make changes, please simply provide the updated information to our office via the "Action Required" function of the 2018 Annual Checklist. We will take note of the updated information when preparing the Annual Compliance Documentation for your SMSF.
We advise that the "Action Required" function enables you to upload additional information to your 2018 Annual Checklist after its submission. To use the "Action Required" function, please click here to login to your Client Portal. Please open the 2018 Annual Checklist by clicking "View Checklist" and then click the "Action Required" tab (the last tab after the “Submit” page). Please then follow the instructions provided on that page to upload documentation.
To ensure that your Fund's Annual Compliance Documentation is processed as quickly as possible, please check the Client Portal Inbox regularly. If we request further information on the "Action Required" tab of the Annual Checklist, please provide the required information to our office as soon as it becomes available.
To ensure that you remain contactable at all times, please update your contact details through your Client Portal here every time you change your contact details.
In addition, you may install the ESUPERFUND Mobile App to view Inbox messages from us in a more timely manner. To install the App, please use your mobile phone to search "ESUPERFUND" in the App Store (if you are using an iPhone or iPad) or Play Store (if you are using an Android device).
You can check the due date and the status of your SMSF's 2018 tax return via the ESUPERFUND Client Portal under the menu tab "Compliance – Compliance History".
The progress of the annual tax return (indicated under the "Status" column) and the corresponding actions required from you are summarised here for your information.
You need to submit the Annual Checklist to enable our office to complete the annual tax return.
We advise that Checklist completion is the first step of your Fund’s 2018 Annual Compliance process.
Your annual tax return is being prepared in the order in which the Annual Checklist is submitted.
The accountant will review the information provided by you in the Annual Checklist. If further information is required, we will contact you via the Client Portal Inbox.
After we have completed the Annual Compliance Documentation for your SMSF, you will be notified to review and sign the Compliance Documentation.
We advise that the average completion time is at least 3 - 4 months from your 2018 Annual Checklist submission date.
We have completed the annual tax return and require you to sign the Electronic Lodgement Declaration to authorise our office to lodge the annual tax return with the ATO on your behalf.
Please visit the Annual Reports to review the Compliance Documentation. Then please click “Sign” to authorise ESUPERFUND to lodge your Fund's 2018 income tax return with the ATO.
We have lodged the income tax return on your behalf.
Please remember to check the income tax payable/refundable amount and Bpay instructions (in the case of tax payable) on the Income Tax Notification available in Annual Reports. We advise that the income tax liability should be paid from your SMSF bank account.
The SMSF's annual tax return, prepared by our office, details the income tax liability or refund amount. To assist you in understanding the tax return, we have recently released a new page on our website which details how the assessable income, deductions and tax payable/refundable amount are calculated. For an overview of the income tax calculation, please visit our website here.
We have been using ESUPERFUND for ten years, and the product has been improved on every year - the annual compliance process is nearly automated. The investment choices and purchasing decisions are our own and ESUPERFUND handle all of the compliance details. The website has comprehensive education modules with practical examples and covers all aspects of SMSFs. Mark and the team respond promptly to our email queries and keep us informed of any regulation changes. We would recommend ESUPERFUND to anyone wanting to take control of their own retirement funds.
ESUPERFUND Pty Ltd as Trustee for ESUPERFUND Trust ABN 37 842 535 715
General Advice Warning
The contents of this website are of a general nature only and have not been prepared to take into account any particular investor's objectives,
financial situation or particular needs. ESUPERFUND does not provide financial product advice or recommend any financial products:
This applies equally to those financial products which are established for your SMSF when you become a client of ESUPERFUND.
Where this publication refers to a particular financial product then you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the PDS before making any decision about whether to acquire the product.
We also recommend that you should seek professional advice from a financial adviser before making any decision to purchase any financial product referred to on this website.
While the sources for the material are considered reliable, responsibility is not accepted for any inaccuracies, errors or omissions.
When setting up a SMSF it is important to understand that additional fees may apply that must be carefully considered prior to making a decision to setup a SMSF including an
ATO Supervisory Levy
Company Trustee Setup Fee (where applicable)