Guides for SMSF trustees
Short answers to questions trustees ask about running a self-managed super fund, in plain English. Each one is checked against the ATO’s own guidance, lists its sources, and says when it was last reviewed.
When does a binding death benefit nomination expire?
Whether an SMSF member’s binding nomination lapses after three years depends on the fund’s trust deed. What that means, and what to check.
SMSF minimum pension: how the percentage works
How the yearly minimum payment from an account-based pension is worked out: the percentages by age, a mid-year start, and rounding.
Reviewing your SMSF investment strategy
What the strategy has to cover, how often the ATO expects it to be reviewed, and what record of the review your auditor will want to see.
What goes in the SMSF audit pack
The annual audit rules, the deadlines for appointing the auditor and answering their questions, and the documents auditors commonly ask for.
SMSF trustee minutes: what to record and how long to keep them
Which decisions the ATO says to minute, what a useful minute includes, and the records every SMSF must keep for 5 and 10 years.
Also useful: the trustee’s year at a glance, a checklist of the yearly tasks, and the SMSF glossary, which explains the terms.
These guides are general information only. They’re not financial, tax or legal advice, and they don’t consider your fund’s circumstances. SMSF Cockpit doesn’t lodge anything with the ATO, and it doesn’t track your investments, prices or cash balances.