Sydney, 18 September 2024 – Leading cloud-based accounting and SMSF administration software provider Class has today released the 2024 Annual Benchmark Report, revealing more than 16,500 Class SMSF members face being adversely impacted by the Government’s proposed Division 296 tax.

Automate daily investment reporting for companies, trusts, and individuals. Manage ASIC affairs with our leading corporate compliance solution. Access 70+ templates for entity creation and management. Automate and standardise trust documents, and manage trust entities online. Maintain SMSF entities in a secure and easy to update online register.

Explore the latest trends in SMSFs and gain expert insights with our 2024 Class Annual Benchmark Report. This year, we highlight how SMSFs are at the forefront of superannuation, shaping the landscape in this dynamic sector.

Class SMSF members approaching preservation age (60-64) are 2.7 times more likely to use a Transition to Retirement Income Stream (TRIS) or Retirement Phase Income Stream (RPIS) compared to APRA-regulated fund members. Additionally, a significantly higher percentage of Class SMSF members are in pension phase past age 65

Navigate to Fund Level > Reports > Run Report. A zipped files will be downloaded and saved in your Downloads Folder. Ensure that the five files remain in this zipped folder. The Closing Balance for Period selected, should be the financial-year close you …

The Class Annual Benchmark Report provides a comprehensive data analysis of a sizeable proportion of the SMSF sector, offering valuable insights on new and emerging trends across differing topics. Reports such as this provide an important source of evidence-based data that assists practitioners to better understand the sector.

Audit Report - SMSF A generic audit report which satisfies regulatory requirements applicable to Self Managed Superannuation Funds....

Sep 8, 2021 · The Report covers: The state of the SMSF industry with key insights; SMSF lodgement and contribution activities; Demographics of the SMSF industry; Geo-mapping SMSFs across Australia; Investment trends and asset allocation

Sep 25, 2024 · The 2024 Class Benchmark Report highlights the strength, resilience and continued appeal of SMSFs with younger generations. Headline stats in the report showed there are now over 625,600 SMSFs in the sector in FY24, with an establishment rate of 5.2%.

Sep 18, 2024 · There is a significant unmet financial advice need in the SMSF sector as the gap between the supply of financial advisers and the increasing demand for advice grows, according to Class’ new 2024 Annual Benchmark Report.