SMSF Deed Update – Backup (14/07/20)

SMSF Deed History Review

The above prices are to vary an SMSF deed based on the latest or current deed.

We can also undertake an SMSF Deed History Review to determine if your SMSF governing rules are valid and effective. Please click here for further information and our order form.

To learn more about DBA’s SMSF deed and how it compares to deeds produced by off-the-shelf suppliers click here.

Discounts for bulk upgrades

We also provide discounts to advisers that update their clients’ SMSFs on a bulk basis. Please click here to view our pricing for bulk deed upgrades.

What’s included?

We supply:

• deed of variation (incorporating a pro forma application for membership and notification to contributing employer forms)
• draft trustee and any other relevant party resolutions
• comprehensive product disclosure statement, SMSF memo and materials for each member (incorporating pro-forma member contribution notice and binding death benefit nomination (‘BDBN’) forms)
• detailed instructions, including a completion checklist

Annual Update Service:

The Annual Update Service provides a convenient and sound way of ensuring that SMSFs’ governing rules are kept up to date to give SMSFs maximum strategic flexibility, compliance and peace of mind. Click here for more information.

Why should you update your Deed?

Laws are continually changing with ongoing reforms. An SMSF deed should be reviewed before implementing any major decision or strategy (eg, commencing a pension, undertaking an SMSF borrowing arrangement, making substantial contributions, changing a pension, preparing a BDBN or undertaking estate planning). It is safer to rely on an express rather than a general provision.

To assist in determining whether an SMSF deed needs to be upgraded and to find out more about DBA’s deed, click here.

Corporate Trustees of SMSFs

If you are upgrading an SMSF deed, you should also consider the advantages of a corporate trustee over individual trustees. The long-term benefits of a company generally outweigh the upfront cost of incorporation. Some of the main advantages include asset protection; flexibility to pay benefits as pensions or lump sums; and greater administrative ease. For more information click here.

DBA can assist in providing quality company documentation to establish corporate trustees of SMSFs (click here for more). We also provide documentation to change the trustee of an SMSF (click here for more) and can update the constitution of a company to provide our leading constitution with many advantages such as successor directors that are not offered by other suppliers (click here for more).

For more information about the merits of a corporate trustee instead of individual trustees, click here.