Self-Managed Super Funds
Ongoing Administration
Record Keeping
Tip
The records that should be kept are:
- Trust deeds and legal documents
- Member details and nominations
- Trustee declarations and minutes of meetings
- Member account records, including contributions and benefit payments
- Taxation records
- Bank statements
- Investment holdings and transactions
All records need to be kept for a required timeframe depending on the legislation, although generally a minimum of 5 years from end of the financial year that it was incurred – however, depending on the records, this may be a minimum of 10 years. Capital gains tax records, including original purchase documents, must be kept for five years from the year that the asset was disposed.
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