Self Managed Superannuation Fund (SMSF) Accountants

Bramelle Partners assists clients in establishing their self managed super funds (SMSF) and all clients self managed superannuation compliance needs.

Our founding partner, Bradley Seeto, holds a Masters in Applied Finance (Financial Planning major). This qualification allows him to provide a higher level of service when compared to other self managed super fund accountants when attending to your SMSF compliance requirements.

Bramelle Partners uses Class Super to manage all their clients superannuation administration requirements. Class Super is industry leading software which allows all superannuation trustee to view their self managed superannuation portfolio in one spot as well as informing the trustees of year to date pensions, superannuation contributions as well as provide all historical financials and tax returns. These can all be accessed by simply having internet connection and is provide a free additional service to all SMSF clients of Bramelle Partners.

Our clients enjoy the advice and holistic self managed super fund services which we provide. Our service ensures SMSF maintain compliance throughout the year and we assist by providing year round advice relating to any investments, pension payment and contributions made to superannuation funds throughout the year. SMSF administration is continually becoming more complex with the introduction of new and changes to existing rules at each annual budget announcement. It is becoming more difficult to stay abreast of all the changes where you are currently looking after the SMSF compliance yourself or using a low cost provider to prepare your accounts and tax returns. This is also indicated by a sharp increase in fees from low cost providers over the past couple of years.

Our typical superannuation fund would have an annual fee of around $2,000 – $3,000 per annum plus GST with the lowest fee being $1,200 + GST per annum for a SMSF with a few simple investments. Class Super allows us to use date feeds and their software to process transactions in a relatively streamlined process which allows Bramelle Partners to spend more time on ensuring the SMSF compliance is maintained adequately throughout the year.

Setting up data feeds allows our clients to reduce the amount of paperwork they need to send us each year along with the ability to process transactions during the year. Given we have been with Class Super for a couple of years now, the data feeds have been running for a similar time and our processes are continually improving, we are looking at to have the majority of our funds completed in the first five months after the financial year by the end of November. This is fairly remarkable where public listed trusts sometimes don’t have their annual tax statements finalised until 30 September.

We work with a number of SMSF auditors to make the year end process for you relatively straightforward and in most cases our clients have no requirement to communicate with the SMSF auditor directly.

Bramelle Partners is continuously ensuring their SMSF knowledge is updated, maintained and SMSF trustees are aware of the latest changes that are impacting them. We have monthly blog posts about any updates to superannuation.

With the recent inquiry by the Royal Commission and financial planners conduct in not providing advice in the best interest of their clients, more and more people are becoming interested in starting their own SMSF and taking control of how their superannuation is invested. What are some of the things you should consider when starting your own SMSF.

Bramelle Partners Pty Ltd became a Corporate Authorised Representative of Axiis Capital Pty Ltd (ABN: 82 639 996 259, AFSL No. 523464) on 19 March 2021. Director of Bramelle Partners Brad Seeto comments “Due to Australian Unity Personal Financial Services Limited no longer providing limited licences to accountants we had to find an alternative. We chose Axiis Capital Pty Ltd due to its specific focus on the accounting industry. Providing advice which covers a client’s overall situation is a big part of what we do and its makes sense to continue this. We view providing advice to SMSFs as an important service to the industry and will continue to be an important part to our business in the future. The service offering by Axiis Capital Pty Ltd will be able to support us in supporting our clients. It was clear we should become an Authorised Representative with Australian Unity once we went through all the details”.

Becoming an Authorised Representative of Axiis Capital Pty Ltd will allow Bramelle Partners to continue to provide advice and/or services to SMSFs and advising on rollovers of existing superannuation to SMSFs.

Bramelle Partners was featured in the Spotlight Series for Superannuation funds run by the Daily Telegraph on 29 April 2020, you can a access the article here.

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