Why Super Warehouse

This is the only option that makes it cost effective to have your own SMSF with a balance of as low as $10,000. Because of the high fixed fees charged by other service providers, a minimum typical balance of $200,000 is needed. Even if your balance is bigger, this is still the best SMSF option.
The key to this service offering is investments through the BlackRock Customised Portfolio Service. What this means is there is a Trust that holds the shares your Super Fund invest in beneficially for you. The advantage of this is that investors in the CPS have trades netted off before transacting with the market at wholesale rates. If you have BHP shares that you want to buy and someone else sells BHP, the CPS will net off your trades with each other first. Then it transacts at wholesale rates in the market. The result is very low brokerage for your buys and sells, around 5 basis points in total cost. This means on a $100 trade, you pay 5 cents only. On $1,000 you pay 50 cents brokerage.

Other advantages are:

1. Fixed set up fee and annual fees
2. Online trading, similar to online banking
3. You hold your own shares in your super fund (via the CPS or high interest bearing bank accounts)
4. Your control your own SMSF and with the lowest fees in the industry

5. No penalty fees if you decide to either close down your SMSF (roll it back to a retail fund or take you funds as a pension) or take your SMSF to another accountant

6. Each beneficiary in the SMSF has an individual account in the BlackRock CPS. This ensures the benefit for each beneficiary is protected.

Is SMSF right for me??

Read what the ATO says an SMSF's and you will see this is a great option. We address all the important areas if you think about investing in a SMSF:

http://www.ato.gov.au/content/downloads/spr00182491n72579.pdf

What is CPS and who is BlackRock

BlackRock is the biggest fund manager in the world and there is a great product they manage, called the BlackRock Customised Portfolio Service, referred to in here as the CPS. This is a product also generally referred to as a Separately Managed Account.

This is a great offering that allows you to invest via model managers and hold direct shares. Dividends will accrue directly to your SMSF. This present tax advantages when compared to traditional managed funds and the costs are also low and transparent.

More info on the CPS is located here:

How the process works

Pick a name for your Super fund, e.g. Smith Family Superannuation Trust.
Decide one beneficiary in the fund (you) and two trustees (you and your spouse \ close friend)


The ATO is the regulator of Super funds and before you can start,
please note:

1. To be a Trustee, you can not be an unrehabilitated bankrupt
2. All rules governing Super is at ato.gov.au\super
Fill out the form on the next page, giving your details and submitting it online. Pay the $390 establishment fee. This fee is deductible in your own tax return as a super contribution or can be claimed as an expense in your SMSF. Within 2 days you will have your Trust deed from us. You will also get a logon ID and password to the CPS system. We will also apply for the ABN and TFN for the new SMSF but the tax office can take up to 28 days to issue these numbers.

Now you can roll funds over into your fund or make regular contributions.

Some quotes:

Efficiency matters in superannuation. There is no superannuation tooth fairy. - quote by Super review