Monthly Fees

Administration Fees payable to Superannuation Warehouse are paid on a monthly basis. The fixed monthly fee is $39 or $79 per month, depending on the option you choose.

The fixed fee is payable monthly. This is fairer and more equitable than charging annual lump sum fees. An SMSF established towards the end of the financial year would therefore benefit from this arrangement because the SMSF wouldn’t have to pay a full year’s administration fee. In addition, having a fixed fee in your SMSF limits your risk in terms of unexpected accounting and audit fees.

Superannuation Warehouse will set up a monthly debit order with your SMSF bank account. For example, if your SMSF is established on the 5th of the month, the monthly fee will be payable on the 5th of each month.

For more info how we charge the monthly fees, please watch the video below, or alternatively, please see here.

Tax Deduction

This fixed monthly fee is a tax deduction from your SMSF. It can be paid directly from your SMSF. This is not a personal expense – your SMSF pays the fee.

It’s also possible to pay SMSF fees from a personal bank account or by credit card. In these cases, the fees you pay are regarded as a contribution to your SMSF.

No lock-in contracts

The Fees are not annual payments spread over 12 months – this is a truly monthly payment. If you should ever decide to close your SMSF, for any reason, you pay up to the end of the final month and that’s all. There are no lock-in contracts and no exit fees. You are free to quit Superannuation Warehouse at any time. But, let there be no doubt, we’ll work our hardest (in the best possible sense) to keep you as a satisfied SMSF Trustee with Superannuation Warehouse.

We think this is a fair and equitable system because it‘s designed to work in your favour.

Direct Debit Payments

To see our bank details or Direct Debit details, follow this link.

When you set up an SMSF with Superannuation Warehouse, we’ll meet and exceed all your SMSF expectations.

We are SMSF experts!

  • De Marchi

    What are the services rendered for each of the monthly fees

    • Hein Preller

      De Marchi,

      The service we give is exactly the same, irrespective of the fee.

      Some funds are more simple with only bank accounts. In this case, there’s only interest received, and the tax return will be simple – hence a lower fee of $39.

      When the fund is more complex with shares or property, the tax, accounting and audit tasks are more complex. We account for dividends, imputation credits, rental income and property depreciation. We then charge a different fee as the accounting tasks are more complex – this is $79.

      Trust this answers your question.

      • De Marchi

        Thanks Hein, I am new to the SMSF and people frighten us on its complexity and the strtyp of the SMSF,
        Do you do the start up of the fund and how much will it cost.

        • Hein Preller

          De Marchi,

          We do the initial set-up and then the on-going annual compliance of the Fund.
          If you are unsure on what’s involved, maybe do some free training here, which will give you a compliance achievement certificate at the completion of this online assessment:
          http://www.smsfwarehouse.com.au/smsf-education/

          Also have a look onto our website – there is a lot of information to guide you with most questions you may have.

          Best regards,

          • De Marchi

            I want to my current super value 230,000 and my wife 45,000 plus add some money 500,000 (250,000 each) to buy a fully funded property under SMSF. Is that what you can do.

          • Hein Preller

            De March,

            This is exactly what we do. Apply online to set up the Fund and we take it from there.

            Thanks

        • superannuationwarehouse

          De Marchi,

          We do the set-up and it will cost $150 to set up an SMSF with individual Trustees. Remember there’s a fee to us of $39 or $79 for the ongoing accounting and tax services and other operating costs that you will pay from the SMSF, for example bank fees, brokerage and property maintenance fees, depending on what the SMSFinvest in.

    • Hein Preller

      De March,

      We act as the accountant and tax agent for your SMSF. We attend to all the requirements the Tax Office, who is the regulator of Super Funds, have on your SMSF.

      Exactly what we do is explained on this page:

      http://www.smsfwarehouse.com.au/services/

      Thanks

Contact Details


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Peace Of Mind

We are Melbourne based with clients throughout Australia. Our SMSF administration service is mostly paperless. This enable us to charge a fair fee, resulting in a good value-proposition for you.

No Advice

Superannuation Warehouse is an accounting firm and do not provide financial advice. All information provided has been prepared without taking into account any of the Trustees’ objectives, financial situation or needs. Because of that, Trustees are advised to consider their own circumstances before engaging our services.