Super & SMSF

UMA Super provides you and your Ords Adviser with limitless control, choice, flexibility and service. It provides you with two options:

Personal super plan

A flexible and tax-effective superannuation plan providing you with access to a wide range of investment options.

Account-based and transition to retirement pension plan

A pension plan that allows you to turn your superannuation savings into a flexible income stream in retirement.

UMA Super offers you a single point of access to more than 500 ASX-listed securities, exchange-traded funds (ETFs), wholesale managed funds and a selection of model portfolios offered by some of the best fund managers from Australia and the world. Additionally, you can also choose from a panel of term deposit providers.

This wide choice of investment options means you can diversify your portfolio across different asset classes, investment styles and fund managers. You also have the flexibility to easily switch your investments should your requirements change.

You and your Ords Adviser can develop a portfolio customised to suit your individual needs. UMA Super also consolidates your investment and insurance information, and provides you with a tailored set of reports to help you keep track of your superannuation portfolio money.

A complete mail-box service is provided, so you don’t need to worry about collating paper work while investing.

In addition to extensive reporting, UMA Super enables your Adviser to easily trade on your behalf and purchase insurance where required.

You can access your account 24/7 online by logging into the secure Ord Minnett site or, if you prefer, you can access your account information via our innovative UMA App for iPhone and iPad.

You have access to the following insurance options to ensure you always have the cover you need.

• Life insurance
• Total and permanent disability (TPD)
• Income-protection insurance

A self-managed super fund (SMSF) is a private fund that you manage yourself. SMSFs are different to industry and retail super funds.

An SMSF can have up to four members, who are friends or family Most SMSFs have two or more. As a member, you are a trustee of the fund - or you can get a corporate trustee. In either case, you are responsible for the fund.

While as the SMSF’s Trustee you are responsible for the fund, Ord Minnett’s advisers can provide extensive support by managing investments, making strategic recommendations and working closely with the SMSF’s accountant to simplify tax obligations.

An SMSF is a platform which allows for the investment of member contributions and the provision of benefits in the form of either a lump sum or pension upon the retirement of a member.

SMSFs are established for the sole purpose of providing retirement benefits to members.

Trustees manage SMSF funds by making investment decisions. It's a legal requirement for SMSFs to have a documented investment strategy. This investment strategy should satisfy the sole purpose test and be used to guide trustee decision making.

There are a range of benefits in establishing an SMSF:

• Potential to reduce the costs involved in managing your investments
• Potential for greater investment choice and control over investment strategies
• Opportunity to achieve the income you need for retirement
• Provision for beneficiaries through Estate and Succession Planning
• The ability to transfer holdings into a generally more tax-effective environment
• Business owners may be able to buy their own business premises in the SMSF

As Trustees of an SMSF, you are required to ensure the Fund operates for the sole purpose of providing retirement benefits to members. As part of these responsibilities, the Trustees must prepare and implement an investment strategy for the SMSF. The strategy must reflect the purpose and circumstances of the SMSF and take into account:

• The maximisation of member returns whilst acknowledging various risks
• An appropriate level of diversification
• The ability to provide income to members upon retirement and meet the costs involved in running an SMSF

Trustees must make sure that all investment decisions are made in accordance with the documented investment strategy of the fund and should seek investment advice or appoint an investment manager in writing if in any doubt.

An Ord Minnett Planner & Adviser in collaboration with other SMSF professionals can help with the following:

• The establishment of a Trust Deed
• Obtaining an SMSF Tax File Number (TFN) and Australian Business Number (ABN)
• An SMSF establishment meeting including Meeting Minutes & Member Records
• Formulating an SMSF Investment Strategy
• Rolling over existing superannuation into the SMSF
• A financial plan including asset allocation & income projections