Superannuation Funds – Valuers & Property Advisors

VALUATION SERVICES

Property Valuation for Self Managed Superannuation Funds (SMSF)

In order to comply with regulations, assets held by Self Managed Superannuation Funds (SMSF’s) must be reported at market value.

By using market value reporting, self managed superannuation funds will ensure that members’ benefits, as reported in the annual statements, will reflect all market value movements of the reporting period.

This consistent accounting approach by all superannuation funds will assist trustees with the investment decisions of the fund by allowing for the comparison of financial statements from subsequent periods and with other superannuation funds. It will also assist trustees to determine whether the mix of investments in the fund is in accordance with the investment strategy.

Market value reporting will also allow trustees to easily determine the resources that the fund has available for payment of benefits. For example, if a member was to leave the fund the trustees could easily determine the member’s account balance as at the reporting date.