How does it Work?

Superannuation Warehouse will register your SMSF with the ATO and obtain an ABN and TFN. We also issue your new SMSF with a Trust Deed, an Investment Strategy, Minutes and other documents required to legally establish your SMSF.

Open a bank account and \ or deposit accounts with any bank. Providers can be a U-Bank operating account, ANZ, Rabo Direct, Credit Unions etc.
As Trustee of a SMSF you can shop around for the best deal for your SMSF. Note that Superannuation Warehouse does not receive any fee or commission from any bank or any other company. Look out for an account with no or low fees. Also look for a high interest rate. Look out for some banks that don’t pay bonus interest if you make withdrawals from your SMSF.
NOTE: to existing Superannuation Warehouse clients – this is a new option to use any bank account on the $39 plan.

Roll your existing Superannuation from your retail funds into the SMSF. You can also contribute directly into your SMSF bank account. Beware not to breach the contribution caps. The cap is generally $25,000 per Member per year. Harsh tax penalties exist if you breach the caps – so keep to these limits.

The $39 option is for a basic SMSF. You can set up a bank account with any bank or credit union. A typical set-up might be to have 2 bank accounts, one operating bank account and one term deposit account.
When using UBank, for example, you will loose bonus interest if you have a debit order or regular payment from your bank account. A transfer between bank accounts does not count as a withdrawal and you will not loose the bonus interest. So to ensure you receive the highest interest possible, you might need to set up more than one bank account.

Once your Fund is established, Superannuation Warehouse will send an instruction on setting up a Direct Debit payment from your bank account to Superannuation Warehouse for the payment of the monthly fee ($39).

Extra Information

How can Superannuation Warehouse perform SMSF administration at such a low cost?

One way is by cutting out a lot of unnecessary paperwork. You supply us with a soft copy of your bank statement and share trading account statement at the end of the financial year and we load the data into our accounting system and prepare your accounts and SMSF tax return. It’s electronic, it’s paperless, and it’s just one of the many reasons we’re able to offer you the best SMSF service at the most reasonable price.

Where you invest and how you run your SMSF It is entirely up to you. Superannuation Warehouse is here to take care of the set up and carry out all the annual administrative functions, i.e. doing to the accounts, calculating the tax, arranging the audit and submitting a tax return for your SMSF, leaving you, as a Trustee of the SMSF, to focus on what to invest in for your long-term retirement benefit.

If you want to use other service providers (additional to Halifax), choose an Advanced Package ($79). Data in a consistent electronic format means we can offer a full administration service for a low monthly fee.

What is included?

As part of the SMSF setup process, Superannuation Warehouse will apply for an ABN and a TFN. On an annual basis, we prepare your financial statements, take care of your SMSF tax return, and arrange your SMSF audit. All these functions are covered by your fixed monthly fee.

Your annual SMSF audit is carried out by an auditor appointed and paid for on your behalf by Superannuation Warehouse. The audit fee is included in the monthly cost – no extra audit fee is charged. The cost to you is therefore a fixed monthly amount.

This is the best value SMSF package in Australia!

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SMSF Packages

Basic

Standard

Advanced

How does it Work?

Extra Information