A recent AAT case has highlighted the fact that internet banking transactions are not necessarily instantaneous and that the excess contributions rules are applied with draconian precision.
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How We Can Help You
IPS Superannuation offers specialist advice in all areas of superannuation and self managed super. Whether you are looking for expert advice for your self managed superannuation fund (SMSF) or looking to establish an SMSF we can help you. We provide comprehensive advice on everything from establishment, administration and compliance to upgrading trust deeds, audit, retirement and estate planning.
Planning & Structuring
Any accountant or financial planner can establish and operate an SMSF however their knowledge will generally only extend so far. The advice that you do not receive will potentially have the biggest impact.
IPS Superannuation specialises in providing tailored solutions to increase your wealth and protect your family's long term financial security.
The key areas we focus on are retirement income streams and retirement planning which ensures that your living expenses are catered for in the most tax effective way.
Administration & Compliance
IPS Superannuation provides full administrative and compliance services for SMSF's:
Including full financial year reporting with the provision of financial statements, member benefit statements, member contribution statements, income and regulatory returns and preparation of Business and Instalment Activity Statements as well as facilitating an independent audit to be undertaken on the fund. We also provide full administrative documentation supporting lump sum benefit payments, income stream commencement, temporary and permanent disability payments and death benefit payments.
Establishments & Upgrades
IPS Superannuation can provide you with the most up to date specialised trust deed available in the market place. Along with all supporting compliance documentation required to establish your fund. IPS Superannuation will also complete all relevant registration for TFN and ABN and lodge the notice of election to become a regulated fund.
We believe that a specialist company should be utilised as trustee of an SMSF rather than an individual. We provide a specialist SMSF constitution that's only purpose is to act as trustee to the SMSF and associated rules link with the rules of the SMSF Trust Deed. If you currently have an outdated trust deed (before 2007) you may be at risk of not complying with the current superannuation legislation. In order to determine if an upgrade is possible the amendment clauses of your current deed must be reviewed.
If an amendment clause states the deed can not be upgraded, depending on the amendment this may require full replacement and may trigger a full resettlement of the fund therefore incurring stamp duty and capital gains tax. If however the amendment clause of your current deed allows for upgrades IPS Superannuation can make these amendments as necessary to ensure you remain compliant.
Cameron Reed | Director
Sub-Authorised Representative of Professional Investment Services Pty Ltd Australian Financial Services Licence 234951
- Bachelor of Economics
- Graduate Diploma Financial Management
- Diploma of Financial Services (Financial Planning)
- SMSF Professionals' Association of Australia (SPAA) Foundation Member
- Self Managed Superannuation Fund (SMSF) Specialist Advisor (SSA)
- Financial Planner
"You can't overestimate the need to plan and prepare for retirement. A clear vision, backed by definite plans, gives you a tremendous feeling of confidence and personal power."
Cameron Reed is one of Queensland's leading superannuation specialists and in 2006 was appointed Co-Director of the IPS Group of Companies.
Cameron specialises in the structuring of Self Managed Superannuation Funds (SMSFs), the retirement cycle, estate planning and family succession planning. He also provides specialist advice to Accountants, Financial Planners and Lawyers.
Cameron, has extensive experience in all areas of Self Managed Superannuation Funds (SMSF) including strategic structuring, planning, administration and compliance. He is a foundation member of the SMSF Professionals Association of Australia (SPAA) and Chairman of the Queensland Chapter of SPAA.
LATEST VIDEOS FROM IPS SUPERANUATION
LATEST NEWS FROM IPS SUPERANNUATION
Friday, May 25, 2012
Wednesday, April 11, 2012
Following the media release No.74, Stronger Super – Self Managed Super Fund Reforms, issued on 10th May 2011 by the Assistant Treasurer and Minister for Financial Services and Superannuation, The Australian Taxation Office has issued a media release on 28th March 2012.
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Wednesday, November 30, 2011
Following my previous article for retired members in pension phase to lobby federal members and the Government for a reduction in the minimum drawdown for account based pensions. Mr Shorton has announced an extension to the draw-down relief to the 2012-2013 financial year.
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