Document Services - Benefits & Contributions

Heffron prepares all the documentation required to commence an account-based pension or transition to retirement income stream from a self managed superannuation fund.

Heffron's commutation service enables the member to record the commutation of one or more pensions from the fund.

Heffron consolidation service enables the member to record the commutation of one or more pensions and the commencement of a new pension with the commutation proceeds combined with any other accumulation balance from the fund.

Heffron prepares the documentation to record a lump sum payment from a members accumulation account within the self managed superannuation fund.

Members of an SMSF can add or remove a reversionary pensioner to specific pension accounts and Heffron prepares the documentation to record this decision. This service is only available to SMSFs who operate under the Heffron 3.0+ governing rules. Heffron can complete a trust deed amendment upon request.

Heffron prepares all the required documentation to record a contribution split within a self managed superannuation fund including relevant letters, minutes applications and statutory forms.

Heffron prepares the documentation to record the deferment of contributions received by the Fund in one financial year & allocate them to the member into the next financial year within a self managed superannuation fund, including the partially completed requests to send to the ATO.

Discounts available for Heffron administration clients

Adding or removing a reversionary pensioner without stopping or restarting a pension could be desirable in cases where the pension is grandfathered for income test purposes (i.e. age pension or Commonwealth Seniors Health Card) or in order to prevent the tax free/taxable components of the pension mixing with accumulation money held by the member in that fund. Documentation is key here and Heffron has developed a document template that provides the member instructions and the resolutions and minutes required.

Heffron has a template pack that provides the resolutions/minutes needed to record the move into retirement phase for an existing transition to retirement pension. This template pack can be used for all financial years from 2017/18 onwards. There is no limit on the number of funds or members for whom these templates may be used - the pack is a tool for accountants or advisers to use in their practice as many times as they wish or for trustees to use for one or all members.

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