How much does SMSF Australia charge for annual SMSF accounting?

SMSF Australia offers three fixed-fee annual packages: Basic Fund at $1,300+GST (listed shares, managed funds, ETFs, term deposits), Complex Fund at $1,600+GST (adds direct property up to 2, cryptocurrency, precious metals), and Very Complex Fund from $2,000+GST (unlisted assets, private loans, derivatives, NFTs, 3+ properties). All packages include the independent SMSF audit at no additional cost.

Is the SMSF audit included in the annual fee?

Yes. The independent SMSF audit is included in all three annual fee packages — Basic, Complex, and Very Complex. It is not charged as a separate add-on.

Can SMSF Australia service my fund if I am not in the same state?

Yes. SMSF Australia operates nationally across all Australian states and territories. All client meetings and services are conducted via Zoom — there is no requirement to be near a physical office.

How much does it cost to set up an SMSF with SMSF Australia?

The SMSF setup fee is $2,000+GST, which covers corporate trustee establishment (ASIC fee $636), SMSF trust deed ($400), Class Super first-year licence ($250), ABN and TFN applications, investment strategy preparation, and rollover coordination.

Does SMSF Australia provide financial advice?

No. SMSF Australia does not provide financial planning or investment advice. Services are limited to SMSF accounting, tax, audit, compliance, and legal matters.

Can I manage my own Self-Managed Super Fund?

Absolutely. Saying that, generally you must be at least 18 years of age and can’t be a convicted felon, an undischarged bankrupt or under a legal disability such as having dementia.

What is a Self-Managed Super Fund?

A self-managed super fund (SMSF) is your own personal superannuation fund where you control the operations and the investment choices for your retirement.

You can rollover your super from other retail or industrial funds and have it transferred into a SMSF bank account which you control. Your employer contributions can be directed into your SMSF. You can also make personal contributions to your SMSF subject to the contribution caps.

A SMSF can have up to six members. You will also be a trustee of the fund or a director of a corporate trustee.

What is the process to set-up your own Self-Managed Super Fund?

What is the process to set-up your own Self-Managed Super Fund? Get advice from a licensed financial advisor to find out if a SMSF is suitable for your circumstances. Give our friendly team a call to start the process. We are happy to assist you with the following:

How many members are you going to have?
Individual trustees or a corporate trustee?
Is your corporate trustee a sole purpose trustee?
What do you want to call your SMSF?
If choosing a corporate trustee, what name would you like?
Should the fund be registered for GST (most SMSFs are not registered for GST)?

We can assist you to establish your SMSF by organising a trust deed which is the fund’s governing rules and associated paperwork as well as the establishment of a corporate trustee.

We apply for your tax file number and ABN registration with the Australian Taxation Office (ATO). Sometimes the ABN can be delayed due to the ATO’s registration process but generally it is straight forward. Third party employers and other super funds will not transfer benefits to your SMSF until its status in Super Fund Lookup is displayed as “Registered” which can take up to 56 days.

Other steps to consider include:

Set up a new bank account in the name of your SMSF
Redirect employer contributions
Rollover super from other funds
Electronic Service Address (ESA) – part of our fees includes setting up an ESA

Hint – The name of your SMSF and corporate trustee should be concise and easily identifiable.

Please refer to our resources page “SMSF setup” for further details about the process and the cost.

Making Investments in my Self-Managed Super Fund

Making Investments in my Self-Managed Super Fund Now your SMSF has been established, rollovers received, and initial contributions made it is time to think about how the trustees are going to invest the fund’s cash.

One of the major advantages of having your own SMSF is control over how the fund’s cash is invested. Investments can be done in a number of ways including:

Do It Yourself (DIY) investments – very cost effective if you have the professional skills to make appropriate investment choices yourself
engage a licensed financial advisor – an advisor can help with the complex superannuation rules as well as establishing an investment strategy and selecting appropriate investments and regularly review the fund’s performance
engage a stockbroker – listed equities can be efficiently accessed using a stockbroker’s chess account or a platform and a stockbroker can provide research on various listed equities
engage a buyers agent – can assist a trustee to identify, appraise and buy investment property
engage a specialist SMSF administrator or accountant – a specialist SMSF professional can help you with the complex superannuation laws such as setting up a LRBA to purchase property or acquiring or leasing property to a related party or acquiring units in an ungeared related unit trust

Understanding superannuation laws and regulations, and ensuring the sole purpose test is met, is necessary when making a SMSF investment. Investments must be made to maintain the fund for providing retirement benefits to SMSF members or their dependents if the member dies beforehand. The ATO focus on the nature of transactions with related parties in a SMSF. Therefore, it is important to make and maintain investments on an arms-length basis and obtain objective supporting evidence of related party transactions.

Can I manage my own Self-Managed Super Fund?

What is a Self-Managed Super Fund?

What is the process to set-up your own Self-Managed Super Fund?

Other steps to consider include:

Making Investments in my Self-Managed Super Fund

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