SMSF Services
Member Account & Balance Reporting
Accurate member account balances are the foundation of every SMSF compliance obligation — from contribution caps to pension minimums and the transfer balance cap. PHC & Associates maintains precise member accounts for each fund member, ensuring balances are correctly calculated and reported for all purposes.
1000+
Clients Served
CPA
Certified
Member Accounts
Maintained Year-Round
What's Included
Everything Covered in This Service
Individual member account balances maintained for each member
Accumulation account and pension account tracking — separately maintained
Annual member benefit statements
Transfer Balance Account (TBA) reporting to the ATO
Total Superannuation Balance (TSB) calculations for contribution cap purposes
Pension account balance tracking for minimum pension calculations
Member exit and benefit payment calculations
Death benefit and reversionary pension calculations
Why It Matters
Why This Matters for Your SMSF
Understanding the stakes helps trustees take their obligations seriously — and get the right support.
Member Balances Drive Every Compliance Calculation
The transfer balance cap, non-concessional contribution cap, catch-up contributions, and pension minimums are all calculated from member account balances. Inaccurate balances create a cascade of compliance errors.
Accumulation and Pension Accounts Must Be Separate
Once a member commences a pension, their account must be tracked separately from any accumulation balance. The tax treatment of earnings — 15% vs 0% — depends entirely on this separation.
Transfer Balance Cap Is a Lifetime Limit
The $1.9M transfer balance cap limits how much can be transferred into pension phase. Once the cap is breached, excess transfer balance tax applies. Accurate balance tracking is the only way to monitor proximity to this limit.
Total Superannuation Balance Affects Contribution Rules
A TSB above $500,000 prevents catch-up concessional contributions. A TSB above $1.9M prevents non-concessional contributions entirely. Accurate TSB calculation is essential for contribution strategy.
Death Benefits Require Precise Calculations
Calculating death benefits, reversionary pension entitlements, and estate distributions requires accurate member account records. Errors at this stage can have significant legal and tax consequences for beneficiaries.