transfer case studies - supervision.com.au

TRANSFER TODAY

SMSF CASESTUDIES 2019/20

| SMSF CASE STUDIES PAGE | 02

What can your

SMSF DO?

WHAT ISPOSSIBLE IFYOU TRANSFER

Get Started

Over the past 15 years, Supervision has been helpingtransfers from other accountants and administration firms. This paper is to discuss some real life cases where clientshave gotten the most out of Supervision's unique servicesand in some cases completely changed their attitude tohow an SMSF works. High Volume Share TraderCase Study 1 This SMSF Trustee is one of the most prolific sharetraders that we had ever helped. Each year, this clientcompletes over 1400 trades. To keep track of the vastamount of trades he devised an elaborate card systemdesigned to manually calculate the profit he was makingon his activities. These cards used to take at least 3-4hours per day to update. Being retired gave him the time to invest, but in additionto his research, his SMSF investment strategy was morethan a full time job. Whilst the Trustee was profiting from his trades, he wasalso growing weary of the long hours that it took toprovide manual trading records to his accountant eachyear at tax time. A lengthy process ensued to make surethat the profit he had calculated was close to his manualrecords he had painstakingly created. Whilst the amount of time it took his traditionalaccountant to complete the annual return was not ahuge surprise, the fees were getting more an more eachyear. Before coming to Supervision, he was considering verycarefully whether or not he needed to give up hisprofitable trading and go back to lower investmentreturns with a passive strategy.

|SMSF CASE STUDIES PAGE | 03

Client Insights

TOP 20

TRANSFER SMSFCASE STUDIES

Get Started

Supervision was able to radically improve the abovescenario for this client with the following solutions. All trades were data feed directly from Commsec toSupervision's accounting software. In addition, the bankaccount transactions which corresponded to the ongoingtrades were data feed as well. The multiple data feeds had a huge impact on the abilityfor the Supervision team to provide updated records andreports for this SMSF client on a daily basis. Here is how it works and the end result for theclient. Every night around midnight, all of the days settled tradingactivity hits Supervision's accounting software. At thesame time the cash account with its transactions also hitsthe account. The accounting software automatically recalculates thebalance of the shares and sells the parcels in the most taxeffective way. Before the Supervision team arrive at workthe next morning the client can confidently open his onlineportfolio and see current holdings updated with acomprehensive capital gains calculation both realised andunrealised. Everyday this client can concentrate on profitable dailytrading activity rather than working on paperwork.Uninterrupted data streams allow Auditors to completeSMSF checks quicker which keeps a lid on fees andadditional costs. Not only has this client saved money, but the amount oftime that he has gotten back has made the switchincredibly profitable.

Most PopularInvestments ($) Value*

Bank (Cash)CBA (Commonwealth Bank of Aus)NAB (National Australia Bank)ANZ (Australia New Zealand Bank)WBC (Westpac Bank Corporation)CSL (CSL Limited)WES (Wesfarmers Limited)BHP (BHP Limited)MQG (Macquarie Group Limited) TLS (Telstra Corporation Limited) WOW (Woolworths Group Limited) WPL (Woodside Petroleum LTD) IOO (Ishares Global 100 ETF) RIO (Rio Tinto Limited) VAS (Vanguard AUS Shares Index) MGE0001AU (Magellan Global) SFY (SPDR S&P/ASX 50 ETF) VAN0108AU (Vanguard Balanced) MFG (Magellan Financial Group) VAF (Vanguard Australian Fixed Int)

1.2.3.4.5.6.7.8.9.

10.11.12.13.14.15.16.17.18.19.20. *Source Supervision clients (accounting software report) Oct 2019

SMSF CASE STUDIES |PAGE | 04

What is the "Right"

STRATEGY?

Case Study 2Time Saving - Electronic SignaturesSome clients have related stories about how theywould not take holidays around SMSF tax return time. They would put off travel plans with family and friends,just so they could prepare and sign paper tax returnsfor their SMSF. Not only did they have to spend time putting together paperwork, but they needed to make sure they werehome when their tax signing pack arrived, so it wasn'tdamaged by rain and snails or stolen from their postbox.

One client was so relieved they could now go away onholidays when they wanted, knowing that their SMSFreturns were sent for signing electronically. Now theclient can sign their SMSF return from anywhere inthe world and have their refund deposited into theiraccount by the time they get back. Case Study 3Outstanding Returns - 5 Years Fixed in 4 weeksRecently a client came to Supervision, extremelyworried that the ATO were about to take actionagainst them, including fines for late lodgement andde-registration. Whilst the Trustees were responsible for their returns,they did not get much direction or guidance fromtheir accountant who also completed their businessaccounts. With letters coming from the ATO on an ongoingbasis, the Trustees finally made a difficult decision toleave their accountant and put their SMSF in thehands of a professional SMSF administrator. After 4 weeks, the client was able to complete theiroutstanding obligations with the ATO and finally sleepat night.

Having access to your SMSF online willallow you to pinpoint exactly where youare and what changes need to be made.Without updated information how canyou keep your SMSF updated.

Listed Securities38.8%

Bank14.8%

Direct Property13.5%

Term Deposit9.9%

Other9.3%

Managed Funds6.9%

Unlisted6.8%

Top 7 Asset Classes$Value*

*Source Supervision clients (Accounting software report) Oct 2019

To complete the transformation now these clients login to their portfolio, and keep tabs on their progress,encouraging to them take an active role to build theirSuper balance. With Supervision's help they will notbe lodging late anymore. Case Study 4Access to Team- Seeking GuidanceFor some SMSF trustee's, being able to speak tosomeone about your SMSF is a extremely importantthing to do. One client recently read an article aboutthe downsizer contribution. They were not working,but they wanted to get more money into their taxeffective SMSF. Whilst Supervision does not provide financial advice,we were able to confirm the client's understanding ofthe incentive which provided the confidence to goahead with their strategy.


What is the "Right"

STRATEGY?

Case Study 5Established SMSF- No InvestmentsSometimes clients can establish an SMSF with theintention of buying a specific asset, but for somereason it fails to materialise. One such case is the client who established an SMSFwith his personal accountant with the intention ofpurchasing a new office premises for his business. When the first deal fell through and finding anothersuitable opportunity was proving difficult, the trusteeput their SMSF on the back burner. The client didn't know how to establish an SMSF bankaccount or fill out the roll over form so the SMSF wasestablished but had no way of completing anyinvestments. Because of the the factors above, the trustee lostmotivation to continue and was on the verge ofwinding up the SMSF. After a meeting withSupervision we informed the client of how we couldget the SMSF up and running so that he could realisehis dreams of purchasing a business premises. Supervision was able to guide the client through theroll over process, depositing money into the newlyestablished cash account, having it available forborrowing and mortgage broking requirements. The client has since bought a suitable premises for hisbusiness using his SMSF. Supervision helped geteverything sorted out (roll overs, bank accounts) andalso supplied information to a specialist SMSFmortgage broker which enabled the purchase.

Having access to your SMSF online willallow you to pinpoint exactly where youare and what changes need to be made.Without updated information how canyou keep your SMSF updated.

Case Study 6No Telephone SupportIt is interesting that we still gain clients who have beenwith a low cost, low service provider. With the manychanges and nuances of Super, it is startling to findthat some SMSF providers don't provide telephone oremail support. One client was so relieved we emailed back aCentrelink schedule for her old age pension that shecalled and thanked us for the same day service.Because transactions are updated on an ongoingbasis, Supervision is able to complete manyrequirements for our clients same day or very quickly. Case Study 7High Fees- Saving Money is making moneyWe help clients from other accounting firms all thetime to reduce their fees dramatically. Not only do weprovide all of the services mentioned above, but ourfees are fixed price and charged monthly. Monthly fees smooth out cash flow issues caused by alarge annual fee and tax requirements which alwayscome at the same time. We have clients that regularlysave $2-3,000 per year on their SMSF returns. Over 10 years, a saving of $20,000 earning income &growth will add a significant dividend to yourretirement benefit. It could be significant enough toprovide you with the dream holiday of your lifetime. General Warning & DisclosureThis publication should not be viewed as advice. Whilst the abovescenario's are real, we don't recommend any investment strategymentioned above as right for you. This content is designed to giveexisting SMSF Trustees some insight into our SMSF services. Wealways advocate that you seek written advice from a licencedFinancial Adviser if you are considering any of the investmentsmentioned above. If you don't have one, we can help.


Why SMSF withSUPERVIS ION?

Corporate Trustee EstablishmentFace to Face induction meetingHelp with Roll OversEstablishment of Bank Account, Share TradingPlatform, Term Deposit PlatformTrust DeedsSMSF registration with the ATOASIC registered Agent

AuditTax ReturnFinancial StatementsOnline Portfolio - updated daily

Banking TransactionContribution Limits & TotalsPension Minimums & TotalsInvestment performance & KPI comparisonsAsset AllocationUpdated Share pricesIncome & Franking Credit reports

Electronic Signing - Annual Tax PackTelephone SupportEmail SupportCorporate SecretarialAnnual SMSF Review Meeting

All Packages Include the following services: Establishment

Ongoing

Our Packages are a great way to fix yourannual fees with no hidden surprises atyears end. Our efficient monthly billingservice smooths out any cash flowproblems that are caused by large annualiinvoices.

Take Control PackageThis package is ideal for SMSF's that want topurchase listed securities available on ourpreferred online share broker - CMC Markets. Thispackage also allows you to purchase TermDeposits through AMM term deposit platformwhich is linked to our preferred Bank accountprovider. Regardless of how big your portfoliogets, you can reap the benefits of this amazing lowcost solution. More Flexibility PackageThis package includes all of the same features asthe Take Control package but allows your SMSF tohold one direct property, even with borrowing.You are also able to hold a Wrap Account as longas has a compatible data feed. Total Peace of Mind PackageAs the name suggests, this package opens up thewhole world of investment solutions and assetclasses available in SMSF's. You have completeflexibility to choose any investment types orplatforms. Client of a Financial Adviser?We work closely with financial advisers. We may beable to tailor a special package with your adviser,so please don't hesitate to contact us for moredetails on how we can help you.

Packages



Investment Options:

Our Packages are a great way to fix yourannual fees with no hidden surprises atyears end. Our efficient monthly billingservice smooths out any cash flowproblems that are caused by large annualinvoices.

Packages

Take Control More Flexibility Total Peace ofMind

Cash

Term Deposits

ASX Listed Securities

Price Per Trade

Bonds

Managed Funds

Private Companies or Private Trust

Real Estate

Foreign Exchange (FX)

Overseas Property

Wrap Accounts

Collectables

Physical Metals

$26.00 OR 0.15%whichever is higher

Your choice of Brokerand your fee selection

ANZ V2 Plus Your Choice

AMM Term Deposit

CMC Markets CMC Markets

CMC Markets CMC Markets Your Choice

CMC Markets CMC Markets Your Choice

Data Fed AccountsOnly

ANZ V2 Plus

Your ChoiceAMM Term Deposit

CMC Markets

$26.00 OR 0.15%whichever is higher



WWW.SUPERVISION.COM.AU, <hover over "SMSF">, <"Transfer ExistingSMSF">

Supervision make it easy to create andmaintain your SMSF through our onlineservices.

Lets Get Started

Online ApplicationChecklist

Please Read our Terms & Conditions

Please Read our Product Disclosure Statement

Personal Tax File NumbersDrivers Licence Details (ID Requirements)Members Date of Birth, Place of Birth (Country & Town)Members Maiden Names (ID Requirements)Members OccupationsDecide on a postal address for the SMSFMembers Contact DetailsRoll Over Details - Name of Fund and Member Number/s

Be Ready to Provide:

If you are transferring from another firm, Supervision willcontact your previous administrator or accountant for you. Asall SMSF's are different, Supervision will contact you on yourimmediate requirements for lodgement and online access.

SMSF CASE STUDIES|PAGE | 09

Apply Online Todayor Call

1300 693 863

Contact UsLevel 2, 76 Mill Point Road South Perth WA 6151 Phone 08 9367 9655 Postal Address PO Box 879, South Perth, WA, 6951 New [email protected]@supervision.com.au

DisclaimerAll the information provided in this marketing material does not consider any of your investment objectives, financial situation or needs and should not be in any wayconsidered as financial advice. SUPERVISION does not provide financial product advice or recommend any financial products or whether you should establish as SMSF. this applies equally to those financial products which are established for any entity or when you become a client of SUPERVISION. We also recommend the you seekprofessional advice from a licensed financial adviser before making any decision to establish an SMSF or purchase any financial product referred to on our website. Pleaserefer to our important documents on our website to give you more information about any financial arrangements that we may have with our product suppliers. While thesources for the material are considered reliable, responsibility is not accepted for any inaccuracies, errors or omission. Supervision SMSF Solutions (ACN 134 666 596)© Copyright Supervision Group Oct 2019

Proud Technology Parters of |

transfer case studies - supervision.com.au

Documents