News & Media
Impact of Super Reforms shows tectonic shift in assets, with taxable SMSF assets almost doubling to $422bn 1 August 2018 – The latest Class SMSF Benchmark Report has exposed the real impact of Super Reforms on pension assets, with the dual forces of TRIS change and introduction of the $1.6m transfer balance cap forcing assets […]
Class highlights significant SMSF gaps in Productivity Commission’s Superannuation Report; performs own analysis to fill in the missing pieces
25 July 2018: A submission from Class Limited in response to the Productivity Commission’s enquiry into superannuation has highlighted – and filled in – some critical ‘SMSF gaps’ identified in the Commission’s draft Report. The Commission’s 571-page Report into Superannuation provides some well researched findings on APRA funds, but fails to hit the mark on […]
Monday, 2 July 2018 – Exempt Current Pension Income (ECPI) calculations just got a lot harder for anyone not using specialised software like Class Super. Class has released key updates to streamline the new ATO guidelines around claiming ECPI for the 2017-18 income year onwards. The new ATO guidelines significantly change the current industry practice […]
Wednesday 13 June 2018 – Class, the developer of Class Super and Class Portfolio, has announced the enhancement of its partner program, delivering new functionality that allows partners to build applications that support direct access for investors and planners. Previously, the ability to connect and share data via partner integrations was largely restricted to accountants. The […]
Thursday, 7 June 2018 – Monday, 2 July 2018 is the double-whammy deadline for both SMSF Returns and the start of Transfer Balance Account Reporting (TBAR). With less than a month to go, accountants have a big task ahead to lodge FY17 annual returns, claim CGT relief and report 30 June 2017 TBAR balances for SMSFs […]
Class, the provider of Class Super, Australia’s leading cloud solution for administration of self-managed super funds (SMSFs), today announced the addition of actuarial certificate services from existing partner, A.S.A.P. Advice (A.S.A.P.), an industry leader in digital advice for SMSFs. Actuarial certificates are generally required for SMSFs that pay a pension income stream and have an […]
Class, the provider of Class Super, the leading cloud SMSF administration software, has announced the availability of the Class TBAR Console to provide bulk event-based reporting, significantly reducing the complexity brought about by the introduction of Transfer Balance Account Reporting. Accountants and administrators using Class can now simply generate a single file containing all the […]
Class has released the SMSF Benchmark Report for the March 2018 quarter. Approximately one third of ETF investors are SMSFs and more than half of all ETF assets are held by SMSFs. Over the last 5 years, total assets invested by SMSFs quadrupled from $4.2 billion to $19.6 billion, the percentage of SMSFs using ETFs more […]
Brand new eBook – Modern SMSF Administration: How to Embrace Digital Automation & New Service Models
Class has produced an eBook that is specifically designed to help SMSF accountants, administrators and planners. It provides insights and guidance to help maximise SMSF admin efficiency, profitability and client satisfaction. Discover: ✔ An existential challenge: accountants vs administrators ✔ Digital SMSF: the key to modern administration ✔ Avoiding pitfalls: technology traps and deadends ✔ […]
Congratulations to our Class Customer Satisfaction Survey prize winners. B Yang of TGS Group, winner of the Sonos Play 3 speaker and C Collins of Connect Super who won the Sony 1000X Wireless Noise Cancelling In-Ear Headphones. We hope you enjoy your prizes!
Class, the leading provider of wealth accounting and SMSF administration software, has announced that Glenn Poynton has joined the business as Strategic Alliances Director. Glenn will be responsible for establishing and developing strategic partner relationships, as the company looks to deliver on its stated strategy of driving increased partner revenue from across the wealth accounting […]
March Release Highlights: Transfer Balance Account Reporting (TBAR) requires you to submit 30 June 2017 balances to the ATO by 1 July 2018. Class will make this easy for you – click here to find out more. Almost all the data you need to send to the ATO is generated automatically behind the scenes, however there are a […]
Class has released the SMSF Benchmark Report for the December 2017 quarter. The special feature in this report is based on new analysis by Class that raises the question, do pension SMSFs match their stereotypes? Register for the latest Class Benchmark Report today which takes a closer look at SMSF pension assets and where retirees […]
Congratulations to the winners of the Class competition at the SMSF Association’s National SMSF Conference 2018. Odelia D’Silva from On Track Financial Solutions, winner of the iPad mini 4 128GB and Hamish Dunbar from Global Destiny for the best guess on the M&M guessing competition. We hope you enjoy your prizes!
20 February 2018 – Class, the leading provider of cloud SMSF administration software, has announced that Tom Sargent, a high profile figure in the financial services industry, has joined the business as Feeds Operations Manager. Tom will drive innovation and growth in the delivery of data feeds to accountants, administrators, planners and their clients, supporting […]
13 November 2017 – Top Four accounting and professional services firm KPMG has entered an agreement to use cloud based SMSF administration software Class Super. The agreement will see KPMG use Class Super in its SMSF administration business and Class Portfolio in its business advisory group. Class CEO Kevin Bungard welcomed KPMG’s decision, saying that […]
Wednesday, 1 November 2017 – As the impact of Super Reforms continues to roll-out across the SMSF industry, the latest Class Benchmark Report reveals interesting insights into the average SMSF balances of males and females, and poses the question, will Super Reforms close the gender gap? Across all SMSFs in all age groups, males hold […]
26 October 2017 – Class has announced that Simpler BAS functionality is now supported in both Class Super and Class Portfolio. Class is the first SMSF software provider to deliver this new functionality to accountants and administrators. Simpler BAS is now the default reporting method for small businesses (including SMSFs) with a GST turnover of […]
Congratulations to the winner of the Class competition at ATSA 2017. M Phillips of EGA Corporate Advisers, winner of the iPad mini 4. We hope you enjoy your prize!
September Release Highlights: Significant improvements to Portfolio fees, including updating the look and feel as well as adding a new fee type, Annual Tiered Percentage Ability to drag and drop documents on the fund dashboard Update parcelling button added to the CGT relief application event New data feed for Bridges Financial Services For full Release Notes […]