Class implements filters to handle super changes
Cloud-based self-managed superannuation fund (SMSF) administration software provider, Class has added to its product offering.
The company announced this week it had introduced advanced filtering to allow SMSF accountants to identify and assist SMSFs impacted by the super reforms.
According to Class, the filtering enables Class users to quickly identify funds and members at key balance thresholds, those with transition to retirement income streams and fund members in relevant age brackets.
Commenting on the filter development, Class chief executive, Kevin Bungard said the improvements were part of an ongoing program to assist accountants and administrators to implement strategies around the super reforms.
"The reforms are the biggest changes since 2007 and now is the time to reach out to your clients and ensure that they are informed and have a plan of action," he said.
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