OneTrust Features
Trust/Fund Details
- Maintain core details about the fund such as trustees and directors of corporate trustees
- Binding/non-binding nomination of beneficiaries
- Insurance policy tracking and automatic reconciliation of premium collections
- Maintain and amend trust investment strategy
- Maintain member details
Capital Gains Tax Optimisation
- Real time CGT calculation and optimisation
- Ability to ‘tune’ the taxes at the trust, account, and transaction level
- Built-in CGT optimisers: First-In-First-Out (FIFO), Last-In-First-Out (LIFO), minimise, and maximise
- Ability to select parcels for each CGT event on a per account basis
Contributions
- Contributions processing for all contribution types defined in the SIS Act
- Proactive monitoring and management of contribution caps in real time
- Calculation of contributions taxes, including excess concessional and non-concessional amounts when caps are breached
- Simple rollover processing
Pensions
- Simple pension establishment for account based pensions and transition to retirement pensions
- All required documentation automatically generated
- Cash flow monitoring to track your pension payments, income, and capital growth, on an easy to read chart
Data Feeds
- Built-in data feeds for foreign exchange rates, domestic and international stock markets, and domestic and international managed funds
- Upload bank statements and broker statements simply by dropping the file on the upload panel
- Built-in support for most Australian bank and broker accounts
Bank Account Processing
- Automated transaction matching for simple bank account reconciliation, and the ability to configure recurring transactions to be automatically reconciled
- Real time transaction feedback and an innovative rules engine protects trustees from performing actions that may breach the SIS Act or the Tax Act
- Automatic allocation of entitlements to member accounts for common transactions
- Drag’n’drop simplicity enables a bank account to be manually reconciled in minutes
Investment Performance
- Fast, accurate calculation of total returns at account and asset level, on a daily basis
- Time-weighted return, based on industry standard formula, that considers deposits, withdrawals, income, expenses, and growth
- Currency adjusted return takes the daily exchange rate movement into consideration
- Date range selection for history of the trust
- Innovative charting technology that allows instant drill down and real time interactivity
Services and Fees
- Monitor service provider fees and view the break up by fee type, to keep track of expenses such as brokerage and transaction fees
- View fee estimates for the full year, based on current usage
Document Management
- Innovative and complete document management system, allowing documentation to be associated with virtually any item in the trust such as a member, a transaction, or a bank account
- Automatic association/indexing of inbound correspondence
- Stores complete document version history
- Drag’n’drop simplicity
