CIB have a specialised Superannuation team providing a range of services to Trustees and clients wishing to establish and operate an SMSF.

The compliance requirements for Trustees can be extensive and CIB can assist in the following areas:

Fund Establishment

  • Provide advice on set up, management, tax matters and compliance
  • Set up of the fund and trust deed
  • Establishment of a trust for a borrowing arrangement to acquire property
  • Provision of minutes and documents re the establishment of the fund

Fund Administration

  • Preparation of annual financial statements, including operating statement, statement of financial position, notes to financial statements
  • Prepare individual member benefits statements including movements and member’s tax components
  • Calculate minimum pension payments
  • Audit of the fund by an approved SMSF auditor
  • Prepare and lodge the fund’s income tax return
  • Provide assistance to trustee’s with the preparation of the fund’s  investment strategy and their reporting obligations
  • Obtain actuarial certificates where required
  • Provide pension commencement documentation

In conjunction with CIB Private Wealth Services division, we provide a complete investment management, reporting and administration service to SMSF Trustees.