No matter what you may think about technology in your personal life, the benefits with running and administering your SMSF are many. Let’s have a look at how they can help you with both the cost and the convenience.

Bank data feeds:

By providing authority to your bank, particular super fund software programs can receive your bank transactions electronically as they occur. Fund administrators like us will not have the ability to alter any details or transactions on your account but it will have a positive impact on the way you manage your super fund.

What this means for you:

 

  • No more searching for lost statements
  • Future reduction in administration fees
  • Timely information regarding bank transactions

 

Contract note service:

At Your Super Specialist we have the ability to provide you as trustees of your SMSF with a unique email address specifically for your electronic contract notes. Simply by updating your account details with your broker (such as eTrade or Commsec) we will have the capability to receive your contract notes and process the trade in real time.

What this means for you:

  • No more searching for lost contract notes
  • Future reduction in administration fees
  • Timely information regarding your share trades
  • Peace of mind that your share portfolio has been accounted for correctly

 

Other automation benefits:

Cloud technology and the above automation techniques have made timely information regarding your super fund so much more accessible. By logging on to your fund dashboard in the cloud you can view your member balance and portfolio in real time. Depending on the package you have with us this can be reconciled for you up to every quarter.

At Your Super Specialist we also have software that permits us to compare your dividend and distribution data directly with the ASX and other stock exchanges. This allows us to ensure all of your dividend income is accounted for even if a payment goes missing.

What this means for you:

  • No more searching for lost dividend statements
  • Future reduction in administration fees
  • Timely information regarding your dividend income
  • Peace of mind that you have received all the income to which your fund is entitled

 

So make sure you get in touch with your fund administrator and make sure they are doing everything they can to make your role as trustee stress free and your fees as competitive as possible. If you want to peace of mind  through automation contact us now to discuss your situation.

 

This information has been prepared without taking into account your objectives, financial situation or needs. Because of this, you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs.