Guide to using the SMSF Reporting Tool

Transcription

1 Adviser use only Guide to using the SMSF Reporting Tool Information for advisers and support staff Preparation date: August 203

2 Contents Here s what you ll find within this guide Online access to 3 MLC Wrap Self Managed Super Adviser 4 information Adviser Summary 4 Portfolio value 4 Fund information 5 Fund Summary 5 Relations & Associations 5 Investments 6 Reports 6 Reports 9 Fund-level reporting 9 Member-level reporting 5 Calculators 7 Account Based 8 Pension calculator Market Linked 20 Pension calculator Benefit Calculator 22 Frequently 23 Asked Questions Member 7 information Membership Summary 7 Other Details 8 Important information This guide provides you with information on how to use the SMSF Reporting Tool available in n-link. The SMSF Reporting Tool is designed to complement the investment information available for view and download in n-link and is most effectively used for viewing superannuation specific information. Page 2 Guide to using the SMSF Reporting Tool

3 Online access to MLC Wrap Self Managed Super MLC Wrap Self Managed Super is a full service SMSF administration, accounting, taxation and audit service, giving you 24/7 access to essential information. To help manage your clients accounts, our secure online system n-link, gives you information on investment portfolios, asset details, investment income and basic transactions. From n-link you can also access the SMSF Reporting Tool, which is designed to provide superannuation specific information. Using the SMSF Reporting Tool The SMSF Reporting Tool can be accessed by clicking on the icon at the top of the screen in n-link. The SMSF Reporting Tool gives you a wide range of self managed super fund information and reporting at a fund and member level. Here you ll find: daily fund information and member balances pension reporting contribution details insurance reporting, and beneficiary details. The table below outlines the best place to find information for SMSF related queries and reports.. Investment Portfolio details (MLC Wrap Investments account) 2. Investment transaction details and CGT history including buys, sells and income received 3. Member details, including preservation components and taxable amounts 4. Contribution and pension transaction details and history 5. Fund details, including ABN, trustee, GST registration details and tax agent/ auditor information n-link SMSF Reporting Tool 6. EFT bank account details 7. Beneficiary details Page 3 Guide to using the SMSF Reporting Tool

4 Adviser information Adviser Summary The Adviser Summary section is the first screen you ll see when you click on the SMSF Reporting Tool icon. It shows your details and lists all SMSF s that have you as the nominated financial adviser. 2 If you d like to view details of a specific fund, simply select the fund from the Portfolio List at the bottom of the screen. Alternatively, the Portfolio Value section lists all of your clients funds, including their values. Click on Portfolio tab to select your client s fund. 2 Click on the Portfolio Value tab to view all clients funds and values. Portfolio Value 3 See here for Asset value of fund. 3 Page 4 Guide to using the SMSF Reporting Tool

5 Fund information From the Adviser Summary section you can access information for a specific fund by clicking on the fund name from the Portfolio List. This will then take you to the Fund Summary section. Fund Summary This section gives you access to a wide range of fund level information, including: investment strategy whether the fund is registered for GST member details bank details, and fund earning rate history. Relations and Associations Select the Relations and Associations tab to view details of the fund s professional partners and associations, including: Trustee details: address, contact information, date commenced as a trustee and retirement date Fund Adviser details, and Fund associations: administrator, tax-agent, fund contact and auditor details. Page 5 Guide to using the SMSF Reporting Tool

6 Fund information Investments 2 Select the Investments tab to view details of the fund s investments including: All assets held on the n-link platform. (Note: All assets that are held on the n-link platform are shown as a one line asset holding called MLC Wrap Platform Asset.) Any Private assets held Cash Unallocated amounts held in the clearing account while we wait for appropriate notification from the Trustee of what the amount represents Provisions for tax. 2 Reports 3 Select the Reports tab to access superannuation related reporting for your client s fund (see Reports section of this guide). Guide to using the SMSF Reporting Tool Page 6

7 Member information After selecting the fund from the Fund Summary tab, to view details for a specific member of a fund, simply select the member name or member extension in the Members section of the Fund information screen. This will then take you to the Membership Summary section. Membership Summary This section gives you access to a wide range of member information. Membership details Retirement age and date. 2 Current account balance. 3 Preservation and tax components. Member transactions 4 Pension payments. 5 Contributions. 6 Rollovers Tip: Click on the transaction to see the taxable and tax free proportion of the payment Page 7 Guide to using the SMSF Reporting Tool

8 Member information Other Details This section gives you access to a member s beneficiary nomination and insurance details. Beneficiary Summary Here you can view member beneficiary nomination details, including: number of beneficiaries proportion allocated to each beneficiary s name beneficiary s age relationship to the member type of beneficiary nomination, and when binding nominations expire. 2 Click on the Other Details tab. 2 Select Beneficiaries. Insurance Summary Here you can view a member s insurance details, including: policy description sum insured, and premium and frequency of payment. 2 Click on the Other Details tab. 2 Select Insurance. Page 8 Guide to using the SMSF Reporting Tool

9 Reports The Reports section gives you access to fund level and member level reporting. Fund-level reporting To access a range of fund level reports, simply go to the Fund information screen > Adviser summary > Fund name 2 Click on the Reports tab. 2 Select the desired report. Cash transactions This statement gives you a detailed report off all transactions for the fund and includes: opening and closing balance date of each transaction transaction code and description, and value of transaction. A detailed transaction statement can also be run in n-link, however the Cash Transaction report will provide more detail on superannuation transactions. These additional details include: contributions the type of contribution made and the member it has been allocated to pension payments which member the pension payments are made for rollovers in/out which member the rollover in/out relates to fees specifies the type of fee, and provision for GST. When producing the cash transaction statement, please select the second cash account from the drop down list. You will also need to run the report from July 20, so that some transactions are shown. Sample Super Fund Cash Transaction Report From July 20 to 30 June 203 Account Number 290 Cash Date Cash/ Journal Batch Details Amount $ Total $ Opening Balance 68,53.75 /07/202 C Expense Bank Charges (3.50) 68, /08/20 C 5 Payment to Sample, John (88.9) 67,70.06 /09/20 C 6 Payment to Sample, John (88.9) 66,89.87 /0/20 C 7 Payment to Sample, John (88.9) 66, //20 C 8 Payment to Sample, John (88.9) 65, /2/20 C 9 Payment to Sample, John (88.9) 64, /0/202 C 0 Payment to Sample, John (88.9) 63,69. /02/202 C Payment to Sample, John (88.9) 62, /03/202 C 2 Payment to Sample, John (88.9) 6, /04/202 C 3 Payment to Sample, John (88.9) 6,64.54 /05/202 C 4 Payment to Sample, John (88.9) 60, /06/202 C 5 Payment to Sample, John (88.9) 59, /06/202 C 6 Administration Fee (,450.00) 58, /06/202 C 7 Audit Fee (380.00) 57, /07/20 C 8 Purchase (49,050.00) 08, /09/20 C 9 Purchase (7,028.00) 0, /03/202 C 20 Purchae 5000 (8,600.00) 83, /04/202 C 2 Rollin 62, , /07/20 C 22 Rental Income , /06/202 C 23 Interest, , /07/20 C 24 NAB TD Sale 7, , /07/20 C 25 Interest, , /09/20 C 26 Income NATIONAL AUSTRALIA BANK , /0/20 C 27 Income AMP LIMITED ORDINARY , /03/202 C 28 Income Aberdeen Fully Hedged ,750.6 /02/202 C 29 Expense Adviser Ongoing Service Fee (2.75) 56,737.4 /03/202 C 30 Expense Adviser Ongoing Service Fee (2.75) 56, /04/202 C 3 Expense Adviser Ongoing Service Fee (2.75) 56,7.9 5/08/20 C 32 Fund Tax Payment (8,04.76) 48, /06/202 C 33 Contribution 200, ,697.5 Closing Balance 348,697.5 This report, which is provided to you as a client does not constitute financial advice and should not be acted upon without reference to the superannuation fund. Please note that the information contained in the member statements and investment summary reports have not been independently audited by the auditor. The Statement of Financial Position and Operating Statement should be read in conjunction with the accompanying notes. Fund: Page 9 Guide to using the SMSF Reporting Tool

10 Reports Documentation Annual report packs can be found in this section under the Reports tab. Simply enter the date range for the annual report pack that you need, and it will appear under the document list at the bottom of the screen. The Annual report packs will only be made available once they have been prepared and issued to clients. Page 0 Guide to using the SMSF Reporting Tool

11 Reports Identify Details This report shows the fund details including: general fund information contact details banking details, and fund s relations and associations. Information for Sample Super Fund Relation Details General Details: Code: Name: Sample Super Fund TFN: SFN: ABN: Established: /0/20 Group: Active: Yes Contact Details: Name: Other Contact: Mr John Sample samplefund@mlc.com.au Work Phone No: Fax No: Mobile: Home Phone No: Address: Street Address: 509 St Kilda Road MELBOURNE VIC 3000 AUSTRALIA Postal Address: 509 St Kilda Road MELBOURNE VIC 3000 AUSTRALIA ADVISERS SUE, MLC ASSOCIATES ADMINISTRATORS MLC AUDITOR Auditor: KPMG CONTACTS MLC TAX AGENTS KPMG Tax Agent TRUSTEES INDIVIDUAL TRUSTEES Mr John Sample Mrs Mary Sample This report, which is provided to you as a client does not constitute financial advice and should not be acted upon without reference to the superannuation fund. Please note that the information contained in the member statements and investment summary reports have not been independently audited by the auditor. The Statement of Financial Position and Operating Statement should be read in conjunction with the accompanying notes. Fund: Page Guide to using the SMSF Reporting Tool

12 Reports Member Statements When running the Member Statements report at the fund level, you ll see the statements for all members in the fund. Member Statements give you a summary of member details including: member ID date of birth date joined fund if they re a pension member, and eligible service date. Here you ll also be able to view the following member account information: Account summary including balances, contributions and deductions. 2 New earnings calculates the difference between the opening balance at July of the current financial year and the date the member statement is run. Any contributions are then subtracted and deductions such as tax, expenses and pension payments are added back to arrive at the net earnings figure. 3 Investment returns this is the earning rate for the member if a segregated account, or for the fund if a pooled account. 4 Death and disability benefit Sample Super Fund Mr John Sample Member Statement For the period ended 7 March 203 MEMBERSHIP DETAILS Mr John Sample 509 St Kilda Road MELBOURNE VIC 3000 AUSTRALIA Valid TFN Supplied: Yes Member ID: Date of Birth: 0/0/970 Date Joined Fund: 0/0/20 Pension Member: Yes Pension Type: ACCOUNT Eligible Service Date: 0/0/20 Hint: Super accounts will have no next to Pension Member Hint: ACCOUNT = Account Based pension YOUR ACCOUNT SUMMARY Opening Balance as at 0/07/202 $37, pension What has been added to your account What has been deducted from your account Contribution Tax $0.00 Expenses $0.00 Insurance Premiums $0.00 Surcharge Liability $0.00 Withdrawals/Rollouts $0.00 Pension Payments During Period $5,570.8 New Earnings $7, Closing Balance at 7/03/203 $329, INVESTMENT RETURN The return on your investment for the period 5.7% DEATH BENEFIT Insured Amount $0.00 Account Balance $329, Total Benefit Payable $329, DISABILITY BENEFIT Insured Amount $0.00 Account Balance $329, Total Benefit Payable $329, MARKET = Term Allocated This report, which is provided to you as a client does not constitute financial advice and should not be acted upon without reference to the superannuation fund. Please note that the information contained in the member statements and investment summary reports have not been independently audited by the auditor. The Statement of Financial Position and Operating Statement should be read in conjunction with the accompanying notes. Fund: Member: Page 2 Guide to using the SMSF Reporting Tool

13 Reports Member Statements continued 5 Preservation details. 6 Retirement and withdrawal benefit. 7 Tax components. 8 Fund contact details. 9 Beneficiary. You can also request Member Statements in the Member Summary section of the SMSF Reporting Tool Sample Super Fund Mr John Sample Member Statement For the period ended 7 March 203 ACCESS TO YOUR MONEY Your Preserved Benefit $329, Your Non-Preserved Benefit Restricted $0.00 Unrestricted $0.00 Your Withdrawal Benefit $329, Your Withdrawal Benefit as at 0/07/202 $37, Your Retirement Benefit $329, Superannuation Components Taxed Component $67, Untaxed Component $0.00 Tax Free Proportion % 49.08% Tax Free Component $6, FUND CONTACT DETAILS Paul May GPO BOX 2567 Melbourne VIC 300 Australia BENEFICIARY(s) Mary Sample (SPOUSE) 00.00% Non-Binding ADMINISTRATOR'S DETAILS Paul May GPO BOX 2567 Melbourne VIC 300 Australia This report, which is provided to you as a client does not constitute financial advice and should not be acted upon without reference to the superannuation fund. Please note that the information contained in the member statements and investment summary reports have not been independently audited by the auditor. The Statement of Financial Position and Operating Statement should be read in conjunction with the accompanying notes. Fund: Member: Page 3 Guide to using the SMSF Reporting Tool

14 Reports Pension Monitor report The Pension Monitor report shows the amount of pension payments a member has taken in the year. It then compares this amount to the min/max pension amounts permitted. Member ID Member Name Pension Type Sample Super Fund Pension Monitor Report Commencement Date As at 9 March 203 Minimum Allowable Pension this Year Maximum Allowable Pension this Year Selected Pension this Year Gross Payments Made this Year Tax Paid this year Amount left to Pay this Year Sample, John TRIS 9, , /07/20 9, , ,979.9 This report, which is provided to you as a client does not constitute financial advice and should not be acted upon without reference to the superannuation fund. Please note that the information contained in the member statements and investment summary reports have not been independently audited by the auditor. The Statement of Financial Position and Operating Statement should be read in conjunction with the accompanying notes. Fund: Portfolio Valuation report This report gives you a list of all your clients investment holdings within their accounts at a specified date. It also shows the following: Cost base. 2 Current value. 4 Sample Super Fund Investment Holdings Valuation As at 9 August 203 Investment Cost Base Units Unit Price Current Gain/Loss Value Master/Wrap/Platform Assets MLC Wrap Platform Asset $494,944.6 $425, $69,80.00 Master/Wrap/Platform Assets Total $494,944.6 $425, $69,80.00 Private Asset - Residential Property Residential Property # $50, $65, $5, Private Asset - Residential Property Total $50, $65, $5, Cash $369,897.5 $369,897.5 $0.00 Report Total $,04,84.76 $960, $54, Gain/loss position of each asset. 4 Details of any Private Assets your clients hold. This information can also be accessed in n-link, however any Private Asset your clients hold won t be included. This report, which is provided to you as a client does not constitute financial advice and should not be acted upon without reference to the superannuation fund. Please note that the information contained in the member statements and investment summary reports have not been independently audited by the auditor. The Statement of Financial Position and Operating Statement should be read in conjunction with the accompanying notes. Fund: Note: All assets that are held on the n-link platform are shown as a one line asset holding called MLC Wrap Platform Asset. This is the sum of the Total Portfolio Value less cash. The MLC Wrap Cash Account and any Private Assets held by the fund will still be shown separately on this report. Page 4 Guide to using the SMSF Reporting Tool

15 Reports Member-level reporting To access a range of member level reports, simply go to the Membership summary section > Adviser summary > Fund name > Member name. Click on the Reports tab 2 2 Select the desired report Member Statements As outlined in the Fund-level reporting section this statement provides an overall picture of each member s account within the Fund. By running the member statement at the member level only, the statement for the selected member will be produced. Member Transaction Statement This statement gives you a detailed transaction report for an individual member, including: opening and closing balance date of each transaction transaction code and description, and value of transaction. A detailed transaction statement can also be run in n-link, however the Member Transaction Statement will provide more detail on superannuation transactions. These additional details include: contributions the type of contribution made and the member it has been allocated to pension payments which member the pension payments are made for rollovers in/out which member the rollover in/out relates to fees specifies the type of fee, and provision for GST. Sample Super Fund Mrs Mary Sample Member Transaction Statement From July 20 to 30 June 202 Date Account Number 9/04/ /06/ /06/ /06/ /06/ Description Increase Decrease Account Balance Opening Balance 49,620.9 Member Rollovers Received 62, ,620.9 Member Non-Concessional 50, ,620.9 Contributions Employer Concessional Contributions 5, ,620.9 Employer Concessional 5, ,620.9 Contributions Employer Concessional Contributions 5, ,620.9 Closing Balance 286,620.9 This report, which is provided to you as a client does not constitute financial advice and should not be acted upon without reference to the superannuation fund. Please note that the information contained in the member statements and investment summary reports have not been independently audited by the auditor. The Statement of Financial Position and Operating Statement should be read in conjunction with the accompanying notes. Fund: Member: Page 5 Guide to using the SMSF Reporting Tool

16 Reports Pension Statement This statement gives you a summary of pension details for each member in pension phase. Member details: membership number date of birth age at commencement of pension pension type if there are segregated assets, and if a reversionary pension is in place. 2 PAYG details: whether a deductible amount is used, and details of rebates and tax offsets. 3 Commencement details: pension start date, and pension purchase price. 4 Original preservation components. 5 Annual pension details: pension payment amount payment frequency, and pension payments already taken for the year Sample Super Fund Mr John Sample Pension Statement As at 30 June 202 PAYG Tax on Pension (Including Medicare) $0.00 Net Pension First Year $9, Sample Super Fund Mr John Sample Pension Statement As at 30 June 202 MEMBER DETAILS Name Mr John Sample Membership Number Address 509 St Kilda Road MELBOURNE VIC 3000 AUSTRALIA Date of Birth January 970 Age at Commencement 4 Pension Type Account Based Pension Segregated Assets No Reversionary Pension Yes Retirement Transition Pension Yes Partner's Date of Birth 5 May 950 PAYG DETAILS PAYG Scale Scale 07 Deductible Amount Used Yes Pension & Annuity Rebate Proportion No Other Rebates & Tax Offsets $0.00 Medicare Variation Claim No COMMENCEMENT DETAILS Original Start Date July 20 Original Purchase Price $300, Tax Free Proportion % 49.08% ORIGINAL PRESERVATION COMPONENTS Preserved $300, Restricted $0.00 Unrestricted $0.00 ANNUAL PENSION DETAILS Review Date July 20 Opening Account Balance $300, Payment Amount $88.9 Next Payment Date July 202 Earning Rate 8.96% Frequency This of report, Payments which is provided to you as a client does not constitute financial MONTHLY advice and should not be acted upon without reference to the superannuation fund. Please note that the information contained in the member statements and investment summary reports have not been independently audited by the auditor. The Statement of Financial Position and Operating Statement should be read in Age at Start of Year 4 conjunction with the accompanying notes. Payments Already Made This Year $9, Minimum Fund: Allowable Pension This Year Maximum Member: Allowable Pension This Year $9, $30, Selected Pension This Year $9, Tax Free Amount $4,47.0 Pension Rebate This Year $0.00 This report, which is provided to you as a client does not constitute financial advice and should not be acted upon without reference to the superannuation fund. Please note that the information contained in the member statements and investment summary reports have not been independently audited by the auditor. The Statement of Financial Position and Operating Statement should be read in conjunction with the accompanying notes. Fund: Member: Hint: This report can only be run with an effective date of July of the first open financial year i.e. a Pension statement can only be run with an effective date of 0/07/202, when the fund s 202 financial year accounts have been finalised. Where the 202 financial accounts have not been completed, a Pension Statement will only be able to be produced effective 0/07/20. Page 6 Guide to using the SMSF Reporting Tool

17 Calculators To help you calculate pension and benefit details for your clients, there are three calculators to choose from. To access these calculators, simply go to the Membership summary section > Adviser summary > Fund name > Member name. 2 Click on Calculators tab 2 Select the desired calculator Page 7 Guide to using the SMSF Reporting Tool

18 Calculators Account Based Pension calculator This calculator projects the duration of how long the member s Account Based pension will last, using their pension balance, minimum payment and commencement date. Instructions Enter the pension commencement details: select pension commencement date frequency of pension payment, and PAYG scale. Then click on the Next button. 2 Select the pension purchase amount from the available amount. Then click on the Next button. 2 3 Select the annual amount then click on the Next button. 3 Member s superannuation components Page 8 Guide to using the SMSF Reporting Tool

19 Calculators Account Based Pension report Sample Super Fund Mr John Sample Pension Quotation As at 20 March 203 Age Opening balance Projected Pension Income Selected pension Tax payable Excess rebate Earnings Net pension 43 96, , , , ,860.00, , , ,860.00, , , ,860.00, , , ,860.00, , , ,860.00, , , ,860.00, , , ,860.00, , , ,860.00, , , ,860.00, , , ,860.00, , , ,860.00, , , ,860.00, , , ,860.00, , , ,860.00, , , ,860.00, , , ,860.00, , , , , , , , , , , , , , , , , , , , , , , , , , , , * , , , * - Selected pension adjusted to remain within the annual maximum and minimum amount This report, which is provided to you as a client does not constitute financial advice and should not be acted upon without reference to the superannuation fund. Please note that the information contained in the member statements and investment summary reports have not been independently audited by the auditor. The Statement of Financial Position and Operating Statement should be read in conjunction with the accompanying notes. Fund: Member: Page 9 Guide to using the SMSF Reporting Tool

20 Calculators Market Linked Pension calculator Use this calculator to determine the pension payment the member will receive annually from their Term Allocated pension. Instructions Enter the pension commencement details, including: pension commencement date frequency of pension payment, and PAYG scale. Then click on the Next button. Tip: Market Linked refers to a Term Allocated pension 2 2 Enter the purchase price information: review/modify purchase price review/modify term in years, then click on the Next button. 3 3 Annual selected (pension summary) Review details that have been entered, then click on the Next button. Page 20 Guide to using the SMSF Reporting Tool

21 Calculators Market Linked Pension report Sample Super Fund Mr John Sample Pension Quotation As at 20 March 203 Age Opening balance Projected Pension Income Selected pension Tax payable Excess rebate Earnings Net pension 43 25,659.59, , , ,030.00, , , ,030.00, , , ,030.00, , , ,907.00, , , ,676.00, , , ,434.00, , , ,24.00, , , ,005.00, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,33.97, , ,388.97, , ,562.97, , ,835.97, , ,28.97, , ,700.97, , ,292.97, , ,994.97, , * , ,07.59 * - Selected pension adjusted to remain within the annual maximum and minimum amount This report, which is provided to you as a client does not constitute financial advice and should not be acted upon without reference to the superannuation fund. Please note that the information contained in the member statements and investment summary reports have not been independently audited by the auditor. The Statement of Financial Position and Operating Statement should be read in conjunction with the accompanying notes. Fund: Member: 0000 Page 2 Guide to using the SMSF Reporting Tool

22 Calculators Benefit Calculator This calculator shows the member s benefit details at a specified date. Enter a benefit date then click on Submit. Page 22 Guide to using the SMSF Reporting Tool

23 Frequently Asked Questions Q: Why does the value of my clients funds differ slightly between the SMSF Reporting Tool and n-link? A: n-link provides real time share price valuation, where as the SMSF Reporting Tool reviews an overnight data feed of the share and unit prices. In addition, amounts such as provisions for tax will cause the fund balance to differ. While these amounts aren t shown in the Portfolio Valuation report, they can be viewed in the Investments screen. Q: What does Bank refer to on the Fund Summary screen? A: This is the bank account that pension payments are paid to. Q: How can you tell if an SMSF account is pooled, segregated or combined? A: Go to n-link and view the Account name field. If it shows the client name, it is segregated. If it shows the fund name, then it s pooled. Combined accounts will have both a segregated and pooled component. Q: How can you identify if a member is in accumulation or pension phase? A: Run a member statement. Under Membership Details it will say Yes or No next to the Pension member field. Q: How do you identify which member each investment is for? A: For segregated accounts, go to n-link and look at the specific member s portfolio. For pooled accounts, assets are held proportionally between each member, based on their member balance. Q: Where do you find pension payment information? A: In the Member Summary section, member transactions are listed at the bottom of the screen. Alternatively, you can run a Pension Statement or Pension Monitor statement from the reports tab. Q: Where do you find contribution details? A: In the Member Summary section, member transactions are listed at the bottom of the screen. Alternatively, you can run a Member Transaction statement from the Reports tab. Q: Where do you find unrealised capital gains tax information? A: Go to n-link and run a Capital Gain Estimation statement for this information. Q: Where do you find copies of pension review statements, pension confirmations, personal contribution statements? A: These will be made available in the My Statements section of n-link. Q: How does information flow between n-link and the SMSF Reporting Tool? A: There is an overnight data feed that occurs daily. Q: Why are some transactions shown in the SMSF Reporting Tool different to what is shown in n-link? A: n-link will show the dollar amount of the transactions, however the SMSF Reporting Tool will provide more detailed information regarding the contributions, withdrawals, expenses, etc. It will then allocate it to the member s account balance accordingly, based on information provided by the clients. Q: Your client has made a contribution to their fund but you can t see it when you run a Member Statement or Member Transaction report? A: If we haven t been provided with the contribution details for a member we cannot allocate it to a member account and the contribution won t show in any of the member reports. It also won t appear in the Member Transactions section under the Membership Summary. Page 23 Guide to using the SMSF Reporting Tool

24 Adviser use only For more information call MLC from anywhere in Australia on or contact your MLC representative. Postal address: MLC Limited, GPO Box 2567, Melbourne VIC 300 Registered office: Ground Floor, MLC Building Miller Street North Sydney NSW 2060 mlc.com.au Important Notice: The information in this document is subject to the terms and conditions governing the usage of n-link. Copyright 2006 Navigator Australia Limited. All rights reserved. Issued by Navigator Australia Limited ABN AFSL ( Navigator ) 5797M083