SMSF Trust Deed Update | When should I update my Trust Deed?

The Trust Deed of a Self Managed Superannuation Fund governs the operation of the Fund. If the Trustee of a SMSF is permitted under the Superannuation legislation to undertake particular actions, it is still generally not able to do so unless permitted by the Trust Deed.

Therefore, it is important to ensure that the Trust Deed remains current and that the Trustee has the authority under the Trust Deed to act to the extent permitted by the legislation.

We believe update of SMSF deed is required in the following situation:

1. Law Changes & Age of the Deed

If there are changes to the law relating to SMSFs, then the deed and rules require review to ensure that no changes is required.
If a SMSF’s trust deed has not been updated since 1996 (or even since 2006), then your trust deed will not reflect the current super rules. Your SMSF deed must be reviewed to ensure your deed allows for all the new changes in the super law.
Generally, your SMSF trust deed should be reviewed at least every five years to make sure that it is current and up to date.

2. If as trustees you are intending to undertake any activity with your SMSF, and that activity is not included within the trust deed, then you will need to review and update the trust deed.

3. Change of individual trustees – When there is a change in the individual trustees, the SMSF deed needs to be updated.

How much does it cost to update the trust deed?

At SuperHelp our fees are $395 for Changes to Trustees Update & $245 for SMSF Rules Update.

Please visit our SMSF Trust Deed Update service page for more information.

Any questions on SMSF?

Please contact SuperHelp on 1300736453.

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Article Disclaimer: This information should not be considered personal financial advice as it is intended to provide general advice only. The article has been prepared by Superhelp Australia Pty Ltd without taking into account your personal objectives, financial situations or needs.


The information contained in the article may not be appropriate to your individual needs therefore you should seek personal financial advice before making any financial or investment decisions.

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Book your free consultation with me to find out if SMSF is right for you. If you have any other questions, we are happy to help!

 

Sandra - SMSF Advisor

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Why is SMSF Set up free at SuperHelp?

SuperHelp have been servicing the SMSF market for over 15 years. We pride ourselves in being able to provide an affordable SMSF service without compromising on quality. One of these services are to provide new members with setting up their SMSF for free when they use our award winning service.

Do I need to use a specific bank, broker or provider?

Unlike other SMSF administrators and accountants we do not restrict you to what bank, broker or service provider you use. We are independent and do not take any commissions from other parties so that our clients can invest their super where they please.

How long has SuperHelp been around for?

SuperHelp have been around since 2002 - so over 15 years! While new SMSF administrators have come and gone, we are still around!

I'm not sure if I want to start an SMSF, what should I do?

Starting an SMSF should not be taken lightly, we encourage you to book a free SMSF consultation with one of our expert staff to find out if SMSF is right for you. You can book a suitable time here or feel free to give us a call on 1300 736 453 during business hours.

How much is your ongoing annual administration fees?

Our first year introductory offer for new SMSF or transferred SMSF are $899 + GST regardless of asset types. Subsequent years are dependent on the number of assets and asset types you have - please use our calculator to estimate your fee. You will find that our fees are very reasonable to the quality provided within the SMSF market.

Do you have an SMSF newsletter that I can sign up to?

Yes! We send out a quarterly SMSF newsletter to all of our clients and anyone interested in SMSF. You can sign up here :

Do you offer any other SMSF services?

Yes we do! You can see a full list of SMSF services on our services page.

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Contact Us

SuperHelp is located in Macquarie Park, NSW however we work with clients all around Australia.

1300 736 453

PO Box 1906 Macquarie Centre NSW 2113

M-F: 9am-5pm, S-S: Closed