31 Oct 13
On big super funds
MEMBER 239 writes:
"Put this in my file of what cheeses me off about trustees of Big Super Funds and why they can’t run a Super fund any better than 'Mum and Dad' who always cop it from the ATO.
On 5 August 2013, Client sends [Fund trustee] a Notice of Intent to Claim on the standard pre-printed [Fund trustee] form to claim their $6,000 contribution.
Eight weeks later, on 23 September 2013, I do client's tax return and find actual income for 2012-13 very low – no need to claim super as a deduction – I asked client for the [Fund trustee] Super Acknowledgement letters regarding their $6,000. 'We haven’t got any letters from [Fund trustee]'
Ring [Fund trustee] on 23 September 2013 – 'We have never received the Client’s Notice (5.8.13) of Intent to Claim so don’t worry about doing a Notice of Variation'.
Today, 28 October 2013 (12 weeks later), client received [Fund trustee] letter to acknowledge they are claiming $6,000 in their 2012-13 tax return.
HOPELESS, but will the ATO ever query [Fund trustee] about their ability to run a Super Fund???"