SMSF packages

Basic
$39
  • Up to 3 bank accounts or term deposits with any bank or credit union

Advanced
$79
  • Bank account or term deposit with any bank or credit union
  • Use any broker
  • Managed funds
  • Investment properties
  • Precious metals
  • Any other allowable investment

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 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 the accounts, calculating the tax, arranging for 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 a service providers, 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! If you want to proceed with setting up an SMSF, please click here.

  • S Park

    Hi. I want to start a SMSF and only invest in Aust. shares using Comsec. I would expect to only trade minimally, perhaps once every 1-2 months. Which package is the best for me? Thankyou

    • superannuationwarehouse

      The fees we charge is dependent on the type of investments you have.

      For a bank account and a broker accounts allowing the Fund to trade shares, the monthly fee is $79. This equates to $950 a year. The fee options are explained here:
      http://www.smsfwarehouse.com.au/smsf-setup/smsf-packages/

      Thanks

  • Michelle Carr

    Hi, I want to start a SMSF for an investment property. I was thinking the Basic package would suit. Your thoughts?

    • superannuationwarehouse

      Michelle,

      The $39 is if an SMSF has a basic structure of bank accounts only. The accounting and tax process is relatively simple as the Fund will only receive interest income for the year.
      When the Fund purchase property, the accounting, tax and audit functions become more complex. For example, there’s asset valuations, rental income and operating expenses to take into account, to name a few. To compensate for this additional complexity, we charge a higher accounting fee. Therefore the fee is $79.
      What you can do is set your fund up as $39 until a property is purchased. From this point forward, the fee we charge will increase to $79. This lower fee will give your Fund the opportunity to save as much you can in the Fund in order to purchase the property. We believe this is fair and we will work with you for the best outcome in your SMSF.

      Thanks
      Hein

      • Michelle Carr

        Ok great. I have Super in 3 x different funds, do I need to transfer or can this be managed by Warehouse?

  • Sky

    The tax return & audit are probably the very basics of running a smsf, how about the hundreds of ever changing super/pension fund rules, how does one know & kept up to date ?!

  • Javed Shaik

    Hi, I would like to set up SMSF for mine and a friend’s account. I would just like to avail set up and audit services only as Iam a CPA myself (will do accounting by myself). Also the investment would be in overseas realestate. Please feel free to email me on javedjaved123@gmail.com

  • Mike

    Can you please tell me how long it will take to set up a new SMSF using your service.

    I wish to invest in shares amongst other things. The way I understand it is you charge $59 per month if I use Halifax Brokerage Services, otherwise $79 per month?

    How secure are the assets purchased through Halifax. Are they in the name of the SMSF or broker sponsored?

    • Hein Preller

      Mike,

      We will set up a Fund usually on the day we receive the application. The ATO will issue the ABN for the new Fund (makes it legally set up) and although this is usually done on the same day, this can take up to 28 days for the ATO to process:
      http://www.smsfwarehouse.com.au/smsf-setup/set-up-times/

      We do not use Halifax as a preferred supplier any more. However, you can still use them as a broker if you want. We have therefore done away with the $59 option, so its $79 if you trade via them or any other broker. Halifax will hold the shares on your behalf so you will not have a HIN if you trade through them. More on the Halifax offering here:
      http://www.smsfwarehouse.com.au/smsf-setup/halifax-special-offer/

      Thanks

  • Mike

    Hein, how soon after receiving an ABN can the SMSF perform an investment transaction?

  • Mike

    Hein, I understand that you can open up a Macquarie Bank Account as part of the service?

    At what stage does the Trust Deed and Trustees etc. have to be formalised?

    • superannuationwarehouse

      Mike,

      As part of the set-up function we perform, we will ensure an ABN is issued all all permanent files are issued. This includes the Trust Deed. If you want a Macquarie bank account, we set this up as well.

      Keep well,

  • Jose Hernandez Coca

    Hein, I wish to invest in precious metals only, can I use the $39 option?

    • superannuationwarehouse

      Jose,

      The $39 option is for bank accounts and term deposits only.

      For all other assets, there’s extra accounting tasks involved, for example buys, sells, valuations, storage fees and existence of the asset at year end. The auditor we use charge us extra for assets other than bank accounts, hence the higher fee. As an FYI, we have to get an external audit performed on each SMSF before we can lodge the annual tax return to the ATO. We pay for the auditor, and as his fees are higher for non-cash investments, we in turn charge a higher monthly fee.

      Trust this makes sense.

      • Jose Hernandez Coca

        Hi Hein,

        Fantastic, thanks for the clarification. Can you confirm that I will be able to store the precious metals wherever I choose and that it is not mandatory to have the assets insured.

        Also, will I be able to request my present superannuation fund provider to directly rollover my entire account holdings to the SMSF?

        • superannuationwarehouse

          Jose,

          When storing metals belonging to an SMSF, you should protect the assets of the SMSF to the best of your ability. Trustees usually use a safe deposit facility or lock it up in a safe. Its not compulsory to have it insured, unlike when an asset is classified as a collectible, in which case insurance is required. More on precious metals in an SMSF here:
          http://www.smsfwarehouse.com.au/smsf-investments/gold-investments/

          You can roll part or all of your super to the new SMSF. When you decide to roll all the super you have to the SMSF, request a whole of balance transfer from the retail Fund. We provide some helpful hints and tips on the roll-over process here:
          http://www.smsfwarehouse.com.au/transfer-benefits-into-smsf/

          Keep well,

Contact Details


logo-grey

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.

SMSF Topics