FAQs

Online Super Fund is for people who are actively involved in managing their personal wealth and investments through a Self Managed Super Fund (SMSF). We offer an affordable and easy accounting service for your SMSF. You should be prepared to play an active role in the management and investment decisions of your SMSF – of course you can always engage a professional financial, legal or other adviser to assist you with this.

If you are thinking of establishing a new SMSF and have not already done so, we recommend you seek financial advice to ensure a SMSF is suitable and appropriate for your circumstances.

No. All our work is performed in Australia by qualified and experienced SMSF professionals, ensuring the quality and confidentiality of your SMSF accounting.

No. We do not offer financial advice, are not affiliated with any financial advisory companies and do not receive any hidden fees or commissions by making you use certain financial products. We handle the accounting and annual tax requirements for your SMSF. The investment decisions and the management your SMSF are completely up to the trustee of the SMSF.

We do place restrictions on the type of investments which can be held by SMSFs under our service. With Online Super Fund, you can only invest in one or more of the following:

  • Cash and Term Deposits (with any bank) (up to 10 accounts in total)
  • ASX Listed Shares (held through one broker platform)
  • ASX Listed ETFs (up to 10 holdings)
  • Managed Funds (excluding mortgage funds, fixed interest or bond funds) (up to 4 holdings)

Before choosing Online Super Fund as your SMSF accountant it is important that you carefully consider these investment restrictions. You should ensure that these investment restrictions do not prevent you from complying with the investment strategy of your SMSF.

No. We will setup data feeds where possible – but we will not have any direct access to trade or process transactions on your SMSF accounts. Each year we will ask you to provide us with information from all of the SMSF’s the bank and trading accounts to enable us to attend to the annual accounting of your SMSF.

We have spent a lot of time and money implementing the latest technology and creating process efficiencies that result in a significant reduction in the time required to complete the annual SMSF accounting obligations. We pass these cost savings directly onto our clients, which enables us to provide our low cost SMSF accounting service.

Our annual SMSF accounting fees are payable in two instalments in January and July of each year. Upon receipt of the January instalment we will begin our interim work on your SMSF’s annual accounts. Upon payment of the July instalment we will start to finalise the annual financial statements, arrange for the independent audit of the financial statements and lodge the SMSF tax return.

No, you are free to cancel our service at any time. If you choose to cancel we will refund any fees you have paid in advance and transfer all of the accounting and legal records we hold for your SMSF to you.

We understand that because of the limited investment options under our service offering, you may eventually want to go to another service provider so that you can do other things with your SMSF (for example limited recourse borrowing arrangements and property purchases). We are more than happy to help you with this to ensure your transition is as smooth as possible.

Yes you can. If you already have a SMSF and want Online Super Fund to handle all the accounting requirements, please complete our application form and we will assist further with the next steps.