In this guide
- 1. Review investment strategy and document it
- 2. Hold regular trustee meetings and keep trustee minutes
- 3. Keep all documents for the required timeframe
- 4. Do the accounts and prepare annual return
- 5. Appoint an auditor
- 6. Get an actuarial certificate if required
- 7. Make transfer balance reports for members if necessary
- 8. Make annual minimum pension payments for members in retirement phase
- The bottom line
As an SMSF trustee you know that along with the more interesting tasks of choosing and managing investments, running a fund also requires a lot of paperwork and administration.
To help you keep on top of the most important administration tasks for your SMSF we’ve created a checklist to ensure nothing is forgotten.
You can download and print the checklist and keep it as a regular reminder of what needs to be done, and tick off each task as you get to it.
Continue reading for explanations of each item on the list.
