Superannuation Valuations (SMSF)
Asset valuation plays a pivotal role in the preparation of meaningful financial reports for Self-Managed Superannuation Funds (SMSFs), influencing the returns for members and, ultimately, the overall performance of the SMSF sector.
Ensuring compliance with relevant super laws necessitates valuing assets in various scenarios, including:
- Preparation of financial accounts and statements for the fund.
- Acquisition of assets between SMSFs and related parties.
- Arm's-length valuation of investments made and maintained.
- Disposal of specific collectables and personal use assets to a related party.
- Determination of the market value of in-house assets as a percentage of the total fund assets.
- Valuation of assets supporting a member's super pension.
- Evaluation of existing retirement income streams as of July 1, 2017, counting towards the transfer balance cap.
- Assessment of new retirement income streams on or after July 1, 2017, affecting the transfer balance cap.
- Estimation of the market value of assets eligible for transitional Capital Gains Tax (CGT) relief in the 2016–17 income year.
- Valuation of assets supporting members' retirement phase and accumulation accounts to calculate their total super balances.
- Management of fund investments in the best financial interests of fund members.
Reach out to through our Contact page for a quote to ensure investments are valued and maintained on an arm's-length basis and align with regulatory requirements.