The fees and charges at Superannuation Warehouse are simple and low. Efficiency is our watchword. Our fees are one low flat rate, irrespective of your SMSF balance or how many transactions you make.
Our fees schedule:
SMSF set-up with individual Trustees = FREE
Monthly charge, Basic (Cash investment option)= $39 per month
Monthly charge, Standard (HalifaxOnline option) = $59 per month
Monthly charge, Advanced (any provider and investment option) = $79 per month
Corporate Trustee set-up = $950 once-off fee
Existing SMSF take-on = $475 once-off fee
Bare Trust set-up when borrowing for investment property = $950 once-off fee
Additional Bare Trust set-up – $950 one-off fee
Audit only (i.e. you handle your own accounting & tax) = $450 max
Annual Fee for a Bare Trust and Corporate Trustee = NIL
Fee payable to ASIC for a Corporate Trustee = $42 annually
Super Levy Surcharge payable to the ATO = $388 for 2014 and $259 for 2015
Actuarial Certificate = $280
To close down an SMSF = $250
Consulting fees = $280 per hour, phone support and email is free.
Note on fees
Fees are payable monthly in arrears. All fees include GST. There are no exit or penalty fees if you decide that you no longer want Superannuation Warehouse to take care of your SMSF.
Administration fees cover the annual preparation of accounts, tax return and audit (we appoint and pay the auditor). This is all you need to run your SMSF. The only possible additional expenses are such things as bank and brokerage fees.
If your SMSF is set up on the 12th of the month, we will set up a debit order be deducted from the SMSF bank account on the 12th of every month. And, don’t worry, we perfectly understand and take into account the fact that it can take some time to get a bank account set up and funds rolled over from your existing Superannuation Fund to the SMSF.
Fees are generally fixed, but if there’s incomplete information from trustees and significant re-work on accounting matters by us, we will have to pass on this cost to the trustee.
What do we expect from you?
When contributing to your SMSF, make sure you keep track of how much each member contributes.
Supply us with all your accounting information at the end of the financial year in Excel format (.xls) or similar, e.g. a CSV file. Superannuation Warehouse will use this information to prepare your financial accounts, calculate member benefits, work out the tax to be paid by the Fund, and, finally, submit the tax return.
Additional information can be sent to us as a scan(s) via email or posted in the terrestrial mail.
We prefer soft copy files because it minimises the need to re-key the data where there are high volumes. When there are only a few transactions a year, working with paper copies makes little difference. However, when there are copious pages of transactions, soft copy formats allow us to work much more efficiently.
As a complete administration service, we will supply you with the following documents for your SMSF at the end of the financial year: Financial Statements, Member Benefit Statements, Tax Calculation and a Tax Return as well as Trustee Minutes for the year.