There has been a lot going on in the superannuation industry of late; more legislative changes, scandals involving the big banks, and scams run by people who are purporting to invest client funds in legitimate investment opportunities – so much so that super and SMSFs seem to be in the news every other day!

With so much being written about advisers acting in their own, rather than their client’s interests, it can justifiably be of concern to SMSF Trustees and lead you to question whether your super is in safe hands.

It is always prudent to ensure that your advisers are properly qualified and to ask questions about any new person, product or investment opportunity that is presented to you for consideration.

The independent audit process also provides comfort that there are no apparent material discrepancies or contraventions in your SMSF in the year of audit, and I encourage you to carefully read the letters and other information that I send you as part of my audit to further understand this process.

If in doubt, please do not hesitate to ask your accountant, adviser or myself; as we are all here to ensure that your SMSF continues to comply with the legislative requirements and that you continue to enjoy the benefits of saving for retirement in a concessionally taxed environment.