The ATO’s quarterly SMSF statistics report has been released, showing rapid growth of the superfund sector:
There are now 625,609 SMSFs in Australia, with 1,152,792 members, and their total estimated assets are at $990.4 billion.
As the sector expands, the regulations continue to change, compliance is more important than ever and SMSF professionals need to keep up with an equivalent surge in admin tasks.
Our team of SMSF experts at H Connect International understands the SMSF process end-to-end and can help alleviate this admin overload, freeing up your time for exceptional client service.
Our comprehensive SMSF services include:
- Seamless SMSF Setup & Establishment: We take care of the entire setup process, ensuring each SMSF is compliant from the start, minimizing your workload.
- Enhanced Contribution & Investment Management: We handle contributions, manage investments, and monitor performance to optimize your clients' retirement savings.
- Expert Taxation & Regulatory Compliance: We ensure SMSFs meet all tax and regulatory requirements, minimizing any potential risks.
- Coordinate Auditing: We coordinate annual audits by efficiently organizing your documents, and?ensuring all necessary information is provided for the auditor.
To ensure efficiency and quick turnaround times, we utilize industry-standard tools, including BGL360 and ClassSuper, to streamline processes and manage SMSFs with precision and accuracy.
In addition to time savings and creating efficiencies, offshoring your SMSF admin tasks to us comes with more advantages for your firm:
- 60-70% Cost Arbitrage: By outsourcing your SMSF admin to us, you can access a 60-70% cost arbitrage, inclusive of the initial set-up, complete infrastructure, employee benefits, and operations management.
- Top-Tier Talent: Our SMSF team has a?thorough understanding of the SMSF process end-to-end and years of experience navigating Australian regional nuances and market conditions. We provide trained resources with deep-domain expertise, guaranteeing efficiency and accuracy.
- 5-step Transition Plan: Our tried-and-tested 5-stage onboarding process ensures seamless integration into your existing operations and a smooth transition for our SMSF team to take over the back end of your processes. ?
- Multi-layered Security: We understand the privacy concerns associated with outsourcing superfund data. We are ISO/IEC 27001:2022 certified and adhere to strict industry protocols, including the General Data Protection Regulation (GDPR) and DPA 1988, Australia. Additionally, multi-layered security controls and regular audits ensure the complete security of data. For a comprehensive understanding of how we safeguard your data, read our article on Data Privacy.
- Business Continuity Planning: As a venture of the Hirdaramani group with a 100-year legacy, a partnership with us comes with a complete guarantee of stability. We’ll work together to create a Business Continuity Plan, ensuring zero disruptions to service delivery.
- State-of-the-Art Facilities: Your offshore team will operate from a state-of-the-art delivery center at the World Trade Center, equipped with the latest technology to support your business needs. Our dedicated IT and compliance team will oversee all facilities required for the smooth running of daily operations
- In-house training and development: Our dedicated training team provides ongoing technical and behavioral training to ensure your team is always at the top of their game.
- Time Zone Advantage: As an extension of your operations, we align our schedule to yours, working the same calendar and time zone for easy and efficient collaboration.
Reach out today to discuss how our support can create efficiencies for your SMSF Practice.
