How much information do SMSF Trustees want?

The Trustees of Self Managed Super Funds often rely on the annual accounts to see what the value of their fund is. There are also some Trustees who are actively involved in the management of the assets and know exactly what their investments are doing.

It is not very helpful to receive the financial accounts six to nine months after the end of the financial year and realise that some input at an earlier date may have increased the value of the fund.

Most software for super funds these days can generate up to date reports. This would entail getting the work in earlier and would assist in not having that bottleneck that accountants find themselves in around this time of the year. Clients love to have up to date information, they usually just don’t know how to go about getting it.

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