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Overview

You can now model SMSFs as a separate entity, either by importing existing SMSF data from the Fact Find (where available) or creating an SMSF within the Holistic Cashflow scenario. This enhancement allows you to:

Model single or multiple SMSFs concurrently with other Superannuation accounts
Seamlessly integrate changes—any updates made in the SMSF screen will automatically reflect in the member’s account, within the holistic cashflow scenario.
Model existing property or new property purchases with the ability to make changes in the property valuation easily

To access the SMSF functionality navigate to the Entity dropdown from the scenario window.

From the drop-down menu, you will see a list of any existing SMSFs available for selection. If no SMSF exists or if you need to model a new scenario, you also have the option to create a new SMSF directly within the module.

Existing SMSF

Selecting an existing SMSF will take you to the Financial Summary page of the SMSF where you can view and edit Expenses, Assets and Liabilities for the SMSF.

💡Tip

Any changes made to the SMSF within the Holistic Cashflow module are for modelling purposes only and will not alter any data within the Fact Find. This ensures that you can explore different scenarios without affecting the original client data.

For permanent updates to an SMSF, changes should be made directly within the Fact Find.

While the functionality closely aligns with standard cashflow modelling, the SMSF view is not identical:

There is no Income tab under the Financial Summary.
Base testing scenarios do not automatically include Superannuation Guarantee (SG) contributions.

You may follow the Cashflow Modelling instructions to model these within your scenario.

📌Note

At the SMSF, Individual member accounts level, you can adjust Contributions, Withdrawals, and Pension Payments. This will automatically flow through to the SMSF entity level as Inflows and Outflows in the cash flow.

Within the SMSF Entity level, as you are addressing the trustees who are responsible for making investment decisions, you are able to address:

All trustee-level investment decisions via selecting the SMSF as an entity from the Financial Summary screen.

All trustee-level investment decisions via selecting the SMSF as an entity from the Financial Summary screen

📢Key Improvements

You can now model both Retail Funds and SMSFs within the same scenario, providing a more comprehensive view of your client’s financial position.

Accumulation and Pension accounts under an SMSF will be visible in the Individual View for better clarity.
Contributions, Withdrawals, Pension Payments, and Rollovers are managed through the Individual View, as these are personal recommendations for the individual, not the SMSF trustees.
Investment and loan recommendations related to the SMSF are accessed through the SMSF View, as these apply to the trustees of the SMSF.
Investment projections for the SMSF are defined within the Investment section of the SMSF, ensuring clear and structured financial forecasting.

Create New SMSF

Selecting + Create New SMSF will open a dialogue allowing you to set the Type, Date and Name of the SMSF to be Modelled.

Type	Select SMSF from the drop-down – this is currently the only option available, however future releases will include company and Trust
Date	This determines the date the SMSF is to be established in the Model.
Name	Add a distinguishable SMSF name, particularly when modelling multiple SMSFs

Selecting Apply will navigate you to the Financial Summary page of the SMSF where you can enter Expenses, Assets and Liabilities.

Next, navigate to the Cashflow section to apply the membership percentages and model the scenario.

Within the cashflow main screen select the Pencil (edit) icon to add members from the Client or Partner options or choose Other if neither applies.

While the functionality closely aligns with standard cashflow modelling, the SMSF view is not identical:

There is no Income tab under the Financial Summary.
Base testing scenarios do not automatically include Superannuation Guarantee (SG) contributions.

You may follow the Cashflow Modelling instructions to model these within your scenario

📌Note

Within the SMSF Entity level, as you are addressing the trustees who are responsible for making investment decisions, you are able to address:

All trustee-level investment decisions via selecting the SMSF as an entity from the Financial Summary screen.

📢Key Improvements

You can now model both Retail Funds and SMSFs within the same scenario, providing a more comprehensive view of your client’s financial position.
Accumulation and Pension accounts under an SMSF will be visible in the Individual View for better clarity.
Contributions, Withdrawals, Pension Payments, and Rollovers are managed through the Individual View, as these are personal recommendations for the individual, not the SMSF trustees.
Investment and loan recommendations related to the SMSF are accessed through the SMSF View, as these apply to the trustees of the SMSF.
Investment projections for the SMSF are defined within the Investment section of the SMSF, ensuring clear and structured financial forecasting.

FAQ

Can I add an SMSF in the Holistic Model even if I haven’t added it in the Fact Find?

Yes. You can add a new SMSF entity directly in the Holistic Model. Simply go to the Entity List and select “Create New”.

Can I have an SMSF and retail superannuation separately in the same scenario

Yes. You can have multiple SMSFs and retail superannuation accounts (both accumulation and pension) within the same scenario. A rollover option is also available if you want to recommend consolidating all accounts.

How can I add contributions to a member’s SMSF account?

Contributions, withdrawals, and pension payment changes should be made through the Individual screen. Any updates for individual members (client or partner) should be done here, and the changes will automatically reflect in the SMSF balance.

How does auto cashflow work in an SMSF?

Auto cashflow functions similarly to an individual account, with the entity being the only difference. Any surplus in the SMSF—such as investment returns or contributions—can be used for investments or loan repayments. Conversely, any deficit from withdrawals, repayments, or asset purchases can be covered through loans or redemptions.