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Fact Finder 2017 - Super Reform report

 

Overview

The Fact Finder 2017 report has been added to assist you in reviewing fund data in preparation for the Super Reforms beginning on 1 July 2017. This includes using actual member and ledger data and will provide information into the reform changes to help you better prepare for 1 July. This report includes the following components:

Report Component Explanation Opportunity/Planning
Fund Details

This section will display:

  • Postal Address
  • SMSF Establishment Date
  • Trust Deed Source
  • Deed Last Modified

From Fund Details.

 N/A
Members

This section will display:

  • Active fund members
  • Age and date of birth
  • Number of member accounts per member
  • Number of pension accounts per member
  • Beneficiary Details

From The Member List.

 N/A
Accumulation Member Information

This section will display:

  • Concessional contributions (employer, personal, other and reserve)
  • Div 293 Tax paid (from account 48100)
  • Total member balance information (total accumulation, pension amounts)
  • Member balances greater than $1.6 million (Y/N)
  • Non-concessional contribution amounts
  • Non-concessional bring forward rule triggered (Y/N)

For each member.

This section will provide information into the following reform changes:

  • Concessional cap for 2018 financial year;
  • Changes to Div 293
  • Concessional contribution catch up
  • Transfer Balance Cap
  • Transitional bring forward rule changes for non-concessional contributions.
Pension Member Information

This section will display:

  • Value of existing ABP income streams
  • Value of existing MLP income streams
  • Value of TRIS income streams
  • Total pension payments for the year

For each member.

This section will provide information into the following reform changes:

  • Transfer Balance Cap
  • TRIS exemption status
CGT Relief

This section will display:

  • Is the fund eligible for CGT Relief?
  • Has the fund taken up CGT Relief?
  • Has the capital gain been deferred?

This section will provide information on:

  • If the fund is eligible for CGT Relief

Navigation

 

From the Main Toolbar, go to Reports.

Select Reports.

 

How to prepare

To download an individual report in PDF, Word or Excel format:

  1. On the left-hand side of the Reports screen, Add the Fact Finder - 2017 from the Work Paper Reports list. 

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  2. Click the mceclip3.pngarrow on the right to move the report to the report pack list.

  3. Select either Download PDF, Download Excelor Download Wordmceclip4.pngto download the report in the format required.

    You can also add this report to a Report Pack. See Reports for instructions.

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