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SuperFund

Table of Contents
 

Common HandiSoft Program Functionality

Common HandiSoft program functionality 
 

Functionality

Dividend re-investment plan holding account

Entering historical and current year data

Entity creation in HandiLedger, if one already exists with the same reference number

Expenses paid by member's as part of their contribution

Expenses: Paid by instalments

Instalment warrants

Loans to and from the SuperFund

Members Allocation Worksheet

Managed Funds: Distribution where physical payment only received at a later date

Managed Funds: Entering Discounted Capital Gains

Managed Funds where the tax summary is received at a later date

Revaluation of listed assets using ASX and APIR prices in a batch 

Share consolidations and splits

General

Contribution tax and excess contribution tax 

Establishment Costs

Exempt Pension Income

Insurance policies: deductibility
 

HandiLedger Integration

HandiLedger integration

Reports

Accounting Breakdown Report

Tax Reconciliation report: Change in net market value

Tax Reconcilliation report: Foreign Tax Credits

Tax Reconciliation report: Managed fund distribution and the accounting profit
 

Pension

Actuarial percentage determines the portion of the current year share of income or loss attributable to the pension account(s)

Setting up a SuperFund with a member that has an existing Pension and Accumulation account

Transferring portion of the fund from an Accumulation account to a pension account for a member during the course of the year
 

Taxation

GST Basics

PAYG Withholding tax and pension payments

TFN Credits and the Tax Provision

Tax payable or refundable and PAYG Instalment

Tax payments: paid in installments and / or adjusted