Heffron launches toolkit for SMSF investment strategies
SMSF services provider Heffron has developed new software to help advisers and their clients accurately document investment strategies for clients by guiding them through a series of questions and compliance checks.
Heffron said the Super toolkit includes a guided wizard that produces an auditor and ATO-compliant investment strategy using a comprehensive series of questions and suggested paragraphs to ensure the document can adequately explain the client’s investment decisions.
Heffron managing director Meg Heffron said the investment strategy tool is just one item in the Toolkit and enables accountants and advisers to respond rapidly to their clients’ new or emerging needs.
“For example, the government’s COVID-19 response includes rental relief provisions that can have a big impact on SMSF trustees with investment property. These need to be documented carefully, particularly where the tenant is a party that’s related to the SMSF in some way, such as through the members’ business,” Ms Heffron explained.
“[The] Toolkit module will help guide accountants and advisers through the questions they should ask trustees to confirm they can provide rent relief for their related-party tenants. The Toolkit will then accurately and easily document the outcome.”
Heffron has also launched the Heffron Super Companion, a comprehensive online resource regularly updated by SMSF specialists.
“Its digital content is easily searchable and fully referenced, including links to primary sources. The Companion is a go-to resource for not just the latest rules but also strategies, practical examples and tips,” Ms Heffron said.
Both the Companion and the Toolkit are new technology products focused on self-directed support, she said.
“That’s particularly attractive during the current lockdown, but also the future when it comes to helping accountants and advisers deliver for SMSF trustee clients,” Ms Heffron said.
Miranda Brownlee
Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.
Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates.
Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.
