WELCOME TO THE ONLINE HOME OF

SUPERCOM CONSULTANTS PTY. LIMITED

ABN 19 001 313 195     ACN 001 313 195


SITE MAP:

(Image: Clock and skyscraper buildings)


HOME PAGE

(Image: Retired couple sitting in chairs looking out to sea)

Internal links to:

 

  • SUPERCOM SERVICE
 
 
 
 
 

External link to:

  
 
 

©SUPERCOM CONSULTANTS PTY LTD 2008 - ALL RIGHTS RESERVED


ABOUT SUPERCOM

Supercom Consultants Pty Limited is a Corporate Authorised Representative, CAR Number 298977, of Tolhurst Noall Limited, Australian Financial Services License Number 238444, a leading publicly listed Australian Stockbroking Company.

When Supercom was established, in 1974, the rules on Superannuation were significantly different from those of today. The rules and regulations are constantly changing. For that reason Supercom has focused on being specialists and keeping up to date in all aspects of Superannuation.

Superannuation is important to all of us especially when considering our financial future. Supercom, with over 30 years experience, can help protect you from common pitfalls.

Do you need assistance with a corporate super fund? We have developed a unique corporate superannuation model which is unmatched in the current market.

Do you need a Self Managed Super Fund (SMSF)? Then Supercom have the team to help you with your superannuation needs. From Establishment to Administration, Pensions, Investment, Insurance or Compliance.

Our relationship with the Tolhurst Group has been in place for more than 10 years. Our team works with Tolhurst Noall on a daily basis. The strength of this relationship ensures that our clients get the best possible research and service available.

We are totally independent of all financial institutions and therefore free to guide you in the direction of your investment choice, be it Listed Securities, Real Property or Managed Funds. Talk to us today about the benefits of Self Managed Superannuation and assistance in developing a strategy specific to your circumstances.

Supercom’s team take pride in their ability to take a complex subject like superannuation and make it simple, workable and easy for you to understand. Their hands on approach will allow you the opportunity to sit back and let your super work for you.

The team at Supercom have extensive experience in Superannuation, Administration, Insurance, Securities, Managed Funds and more. So if you are considering an SMSF or perhaps you have already established one, talk to us and see how we can help take the hassle out of managing your financial future.

Please contact us for a copy of our Financial Services Guide.

 

Back to top

 

SUPERCOM SERVICE - Fund Set Up

Now you have made the decision to proceed, Supercom will ensure that you receive the right advice, guidance and service to establish your self managed super fund. We assist you by taking care of the complexities in creating your own super fund by preparing:

  • Super Fund Trust Deeds

  • ATO Application for Regulation

  • ABN Registration

  • Eligible Rollover Fund Nomination

  • Fund Establishment Minute

  • Administration Agreement

  • Draft Investment Strategy

  • Trustee Liability Insurance

  • Designated Beneficiary Documentation

  • Individual, Family or Corporate Insurance

It's all about putting you in control and giving you the flexibility to make the decisions that affect your financial future. You will have confidence in knowing that Supercom is there for you providing specialist services to meet your needs.

For further information on establishing your own Self Managed Super Fund contact us on (02) 8839 5600 or info@supercom.com.au

 

Back to top

 

SUPERCOM SERVICE - Administration

Now you have control of your superannuation it is up to you to decide how involved you want to be in the running of your SMSF. Depending on your needs we can have as little or as much involvement, in the administration and accounting of your self managed super fund, as you decide. Supercom can provide you with the following services:

  • AAS25 Fund Accounts and Statutory Returns

  • Maintenance of Individual Members Records

  • Monthly reconciliation of Company & Member Contributions

  • Trustee Minutes

  • Group Tax, Surcharge, Group Certificates

  • Preparation of Documents in respect of Terminated Members

  • Annual Members Statements and Reports

  • Income Tax Payments

  • Liaise with Auditors and Actuaries

Regardless of whether you already have a self managed super fund or if we have set up your fund, talk to us about your needs and we will tailor our service to suit you.

Supercom has been providing administration and accounting services to our clients for over 30 years.
 

Back to top

 

SUPERCOM SERVICE - Investment

(Image: Coins and key)

External links to:
 

 

Back to top


SUPERCOM SERVICE - Insurance

(Image: Finger on watch)

Supercom has operated a Group Life Insurance Pool for Hannover Life for more than 20 years.

The Insurance Pool specialises in providing valuable Death and Total & Permanent Disablement Insurance to cover Super Fund Members. Since this is operated at a wholesale level, premiums are very competitive.

Supercom can design an Individual or Group Life Insurance Plan to meet your specific requirements.

Is your Life Insurance meeting your needs?

Consider your position today and talk to Supercom (02) 8839 5600 or info@supercom.com.au

 

Back to top

 

SUPERCOM SERVICE - Compliance

There are many advantages within superannuation but even more so when you have a self managed super fund.

However, it is essential that your Super Fund complies with all current legislation. Superannuation legislation is constantly changing therefore as part of Supercom’s service we will ensure that you are made aware of all legislative requirements.

Supercom encourages you to educate yourself and therefore provide the following useful external links:

FIDO – Financial Tips & Safety Checks
http://www.fido.asic.gov.au/fido/fido.nsf

Australian Taxation Office (ATO)
http://www.ato.gov.au/super/

Association of Superannuation Funds of Australia (ASFA)
http://www.superannuation.asn.au/home/rpm.cfm?page=main

National Information Centre on Retirement Investments (NICRI)
http://www.nicri.org.au/

If you are concerned about a compliance issue in your self managed super fund, please call (02) 8839 5600 to talk to us about your specific circumstances.

 

Back to top

 

SELF MANAGED SUPER FUND

Superannuation is a long term investment where your money is preserved until retirement. SMSF’s allow you to take control of your investments and give you the freedom and flexibility in your investment planning to achieve the lifestyle you want in retirement.

The latest statistics, as published by the Australian Tax Office, state that:

  • The number of self managed super funds has grown in Australia to over 308,000

  • New self managed super funds are growing at around 1,800 a month

  • Around 580,000 Australians are members of a SMSF

  • Self managed super funds hold $165 billion in assets

What is a self managed super fund?

A self managed super fund has:

  • Between 1 to 4 members

  • Each individual SMSF trustee is also a fund member

  • Each member of the fund is a trustee

  • No member of the fund is an employee of another member of the fund, unless those members are related

  • No trustee of the fund receives any remuneration for their services as a trustee

Think of your superannuation fund as a bank account for your retirement and start thinking about what your lack of planning may mean to you. Have you thought about your strategy to fund your retirement? By 2044/45 a quarter of the Australian population, approximately 7 million will be aged over 65 so it is important to start investing for your financial future now.

Is a self managed super fund right for you and how can you get started? If you have the need then Supercom has the experience and
the team to assist you.

Supercom can also provide you with support when you are ready to transition your self managed super fund into a pension fund that suits your circumstances.

 

Back to top

 

CORPORATE SUPER FUND

(Image: Handshake)

Currently most Corporate Super Funds lack the flexibility and technology to compete against the institutional Master Trusts.

Unfortunately, many of these Master Trusts provide less than adequate administrative functions and cause problems for Employers and Members alike.

By utilising state of the art technology with internet capabilities we have developed a Corporate Superannuation Model unmatched in the current marketplace.

A specifically designed Corporate Super Fund will provide you with all the technological capabilities of the Master Trust, yet with administrative functionality that actually works. Thus minimising the time you spend dealing with Superannuation.

We call this "THE BEST OF BOTH WORLDS."

 

Back to top

 

SUPER FACTS

April 2006

Superannuation Contribution Splitting

This recently released Superannuation Industry (Supervision) Amendment Regulations 2005 (No. 8) allow the splitting of superannuation contributions between a member and their spouse from 1 January 2006.

After the end of a financial year, a member of a regulated superannuation fund may request that the previous year’s contributions be transferred, rolled-over or allocated to their spouse. It only applies to contributions made from 1 January 2006 and only one application
is allowed per year. Therefore a superannuant can only apply for superannuation splitting after 30 June 2006.

The maximum contribution eligible for splitting is 85% of deductible contributions (gross contributions less 15% tax) or 100% of
personal contributions made in a financial year.

Contributions will not be able to be split if:

  • The member’s spouse is over 65 or between 55 and 65 permanently retired;

  • The amount to be split exceeds the maximum splitting threshold (85% for deductible contributions and 100% for deducted contributions);

  • The member has already applied for superannuation splitting in that same financial year; or

  • No specification of the amount to be split is provided when applying for superannuation splitting.

Pensions commenced after 1 January 2006

The government has announced changes in relation to pensions in DIY funds. The changes will affect both market-linked and allocated pensions.

The maximum term of the pension can now be based upon the period until the member reaches age 100 (or until the spouse reaches age 100).

Example

A male aged 65 will be able to choose a term between his life expectancy at age 65 (i.e. 18 years) and a term based on his living to
age 100 (i.e. 35 years).


 

Individual Resident Tax Rates 2006/07*

$0 - $6,000

Nil

$6,001 - $25,000

15˘ for each $1 over $6,000

$25,001- $75,000

$2,850 + 30˘ for each $1 over $25,000

$75,001 - $150,000

$17,850 + 40˘ for each $1 over $75,000

Over $150,000

$47,850 + 45˘ for each $1 over $150,000

* The above rates do not include 1.5% Medicare levy.

Superannuation Guarantee

2006/07

9%

2001/02

8%

2005/06

9%

2000/01

8%

2004/05

9%

1999/00

7%

2003/04

9%

1998/99

7%

2002/03

9%

1997/98

6%


Age-based Deduction Limits for Superannuation Contributions

Under 35 years

$15,260

35 to 49 years

$42,385

50 years and over

$105,113


Government Contributions

Individual

Maximum co-contribution

$28,000 or less

$1,500

$28,001 - $57,999

$1,500 reduced by 5˘ for each $1 by which the individual’s income exceeds $28,000

Greater than $58,000

Nil


SGC – Maximum Contribution Base

Quarterly

$35,240

Yearly

$140,960


Superannuation Contribution Due Dates

1 January – 31 March

28 April

1 April – 30 June

28 July

1 July – 30 September

28 October

1 October – 31 December

28 January


Reasonable Benefits Limit for 2006/07

Lump Sum

$678,149

Pension

$1,356,291


Eligible Termination Payments

Component

Treatment

Undeducted contributions

Exempt

Post-1.7.94 invalidity Component

Exempt

CGT exempt component

Exempt

Pre- 1.7.83

5% marginal tax rate

Post- 30.6.83

Taxed

Untaxed

- Under 55

All

20% max

30% max

- Over 55

First $135,590

0%

15%

Over $135,590

15% max

30% max

- Excessive

Pre- 1.7.83

45%

Post- 30.6.83

38%


Other Termination Payments

Unused long service leave

Assessable income

Tax rate

Pre- 16.8.78

5%

Marginal

16.8.78 – 17.8.93

100%

30%

Post- 17.8.93

100%

Marginal

Accrued annual leave

Pre- 18.8.93

100%

30%

Post- 18.8.93

100%

Marginal

Bona fide redundancies

Assessable income

Tax Rate

Unused long service leave

Pre- 16.8.78

5%

Marginal

Post- 16.8.78

100%

30%


Indexing Transitional RBLs

Lump sum RBL x (678,149 / 400,000)

Pension RBL x (1,356,291 / 800,000)


Tax-free Amount of a Bona Fide Redundancy or Approved Entity Retirement Payment

$6,783 Plus $3,392 for each year of completed service  


Preservation Age

Date of Birth

Preservation age

Before 1.7.60

55

1.7.60 – 30.6.61

56

1.7.61 – 30.6.62

57

1.7.62 – 30.6.63

58

1.7.63 – 30.6.64

59

After 30.6.64

60


Pension Asset Test

 

Lower Limit

Upper Limit

Single homeowner

$161,500

$330,00

Single non-homeowner

$278,500

$447,00

Couple homeowner

$229,000

$509,500

Couple non-homeowner

$346,500

$626,500


Fortnightly Pension Income Test

 

Maximum pension

No pension

Single

$128.00

$1,391.75

Couple (combined)

$228.00

$2,328.50


Age Pension Rate

 

Per fortnight

Annual

Single

$505.50

$13,143.00

Couple

$840.20

$21,845.20


Pension Valuation Factors

Pension Valuation Factors (PVFs) have been introduced for allocated pensions commenced after 1 January 2006.

Age

Minimum Factor

Maximum Factor

55

21.1

11.5

56

20.8

11.4

57

20.4

11.3

58

20.1

11.2

59

19.7

11.0

60

19.3

10.9

61

18.9

10.7

62

18.5

10.5

63

18.1

10.3

64

17.7

10.1

65

17.3

9.9

66

16.8

9.6

67

16.4

9.3

68

16.0

9.1

69

15.5

8.7

70

15.1

8.4

71

14.6

8.0

72

14.2

7.6

73

13.7

7.2

74

13.3

6.7

75

12.8

6.2

76

12.3

5.7

77

11.9

5.1

78

11.4

4.5

79

10.9

3.8

80

10.5

3.1

81

10.0

2.3

82

9.6

1.4

83

9.1

1.0

84

8.7

1.0

85

8.3

1.0

86

7.9

1.0

87

7.5

1.0

88

7.2

1.0

89

6.9

1.0

90

6.6

1.0

91

6.3

1.0

92

6.0

1.0

93

5.8

1.0

94

5.5

1.0

95

5.3

1.0

96

5.1

1.0

97

4.9

1.0

98

4.7

1.0

99

4.5

1.0

100 or more

4.4

1.0


Back to top

 

CONTACT

Amend first paragraph as follows: For further information on how we can help you please contact us.

Supercom Consultants Pty Limited             ABN 19 001 313 195             ACN 001 313 195
Suite 9
Blaxland House
5-7 Ross Street
North Parramatta
NSW 2151

Telephone (02) 8839 5600    Fax (02) 9683 3685  
Email info@supercom.com.au

PO Box 2063
North Parramatta
NSW 1750

Incorporated in NSW

 

Back to top

 

PRIVACY

Supercom Consultants Pty. Limited (Supercom) will protect your personal information in accordance with the National Privacy Principles or an industry privacy code.

Supercom provides Superannuation Administration and Investment Advisory services and we may need to collect personal information to provide you with the products and services you request as well as information on other products and services offered by us. The law may also require us to collect personal information. We will tell you who collects the personal information, advise you of their contact details, your right of access to that information, and what will happen if you choose not to provide the information.

Personal information is information that allows others to identify you. It includes your name, age, gender, contact details, as well as your financial information. Personal information may be used and disclosed within Supercom so that we can provide you with our services as well as for prudential and risk management purposes, unless you tell us otherwise.

You can seek access to the personal information we hold about you. If the information we hold about you is inaccurate, incomplete, or outdated, please inform us so that we can correct it.

Further information and feedback

If you have any questions or would like further information on our privacy and information handling practices, please contact us:

By email: privacy@supercom.com.au

By telephone:(02) 8839 5600

By post:
Privacy Officer
Supercom Consultants Pty. Limited,
PO Box 2063
North Parramatta NSW 1750

 

Back to top

 

DISCLAIMER

Supercom Consultants Pty. Limited “NOTICE AND DISCLAIMER” By visiting and using the Supercom Consultants Pty. Limited (Supercom) website (Site) you agree to be bound by and abide by the following terms and conditions.

Disclaimer:
The materials on the Site have been prepared for general information purposes only. The materials on the Site, or any other website on the Internet accessed via the Site or otherwise, may not necessarily be accurate, reliable, complete or current. No person should act or fail to act on the basis of these materials. To the maximum extent permitted by law, Supercom excludes all warranties (whether express, implied, statutory or otherwise), and excludes any liability (including, without limitation, liability for negligence) to any person for any loss or damage (including, without limitation, indirect, special or consequential loss) arising out of:

  • any  action or failure to act by any person in accessing, downloading, uploading, using or relying on or dealing in any way with any materials from the Site or any other website on the Internet;

  • any errors or omissions on the Site or any other website on the Internet (including, but not limited to errors or omissions arising as a result of the negligence of Supercom or its officers, employees or agents);or

  • any delay or interruption in access to or use of the Site or any other website on the Internet (including, without limitation, delay or interruption arising as a result of the negligence of Supercom or its officers, employees or agents).

You accept all risks and responsibility for losses, damages, costs and other consequences resulting directly or indirectly from using the Site or any other website on the Internet and in relation to any information or material available from those websites. In particular (but without limitation), Supercom accepts no responsibility for the accuracy, reliability, completeness or timeliness of any information or materials obtained from third parties. Supercom reserves the right, in its absolute discretion, to delete, alter or move any message or other posted material on the Site which may become apparent at a later time.

General Advice Warning:
The site may contain, or may be linked to, investment reports, options, estimates, recommendations and other information (Information). However, such information comprises general securities advice only and has not been prepared taking into account the particular investment objectives, financial situation and needs of any particular person. You should carefully assess whether such information is appropriate in light of your individual circumstances before acting
on it. Supercom strongly recommends that you seek independent advice from a qualified professional before acting on any of the information contained on this Site or any other website on the Internet.

Copyright:
Unless labeled to the contrary, Supercom owns copyright in, or is licensed to use, all works located at the Site (Works). Except as permitted below, you must not reproduce, modify, transmit, publish or distribute the Works. You may reproduce in whole or in part the Works only if the reproduction is not for resale or commercial distribution, and you do not remove or modify any notices of attribution or copyright, or if there are no such notices, you clearly attribute Supercom as the copyright owner of the relevant Work(s).

Hotlinks and Framing:
The site may contain hypertext links, frames or other references to other parties and their websites. Supercom cannot control the contents of those other websites, and makes no warranty as to the accuracy of any hypertext links provided at the Site, nor the suitability of any content located at those links. Links and frames connecting the Site with other websites are for convenience only and do not mean that Supercom endorses or approves those other websites, their content or the people who run or contribute to them. Use or reliance on the content of those websites is at you own risk.

Viruses:
Supercom does not represent or warrant that any files obtained from or through the Site or any other website are free from computer viruses or other defects. Any such files are provided, and may only be used, on the basis that the user assumes all responsibility for any loss, damage or consequence resulting directly or indirectly from the use of those files. Supercom’s Liability for such an event is limited to the resupply of those files.

 

Back to top

 

©SUPERCOM CONSULTANTS PTY LTD 2008 - ALL RIGHTS RESERVED