Managing your self-managed super fund doesn’t have to be costly or complicated. We aim to offer low, transparent, and fixed annual SMSF fees. Our standard SMSF accounting fee is $1,190 p.a. (including GST and the annual independent audit). This covers all of the essential annual SMSF compliance obligations for the SMSF.
There are various other SMSF fees and costs involved with running an SMSF. We have provided a detailed SMSF annual fee schedule below.
Payable to the ATO each year by all SMSFs
This cost will depend on the insurance taken out by the trustee. You are free to choose any life insurance product you like. We recommend you seek professional financial advice to help you with this decision
Advice of this nature is not provided by Online Super Fund. You may need to seek additional advice at times for your SMSF, the cost for this will depend on the needs of the trustee.
Investment Restrictions
Some restrictions exist on the type of investments that can be held within the SMSF under our service. Additional fees may apply for investments outside of our standard service. Our standard SMSF accounting fee covers SMSFs which hold investments within the following:
An additional annual fee of $220 will apply where the SMSF holds the following investments during the financial year:
The following investment holdings are not covered under our service:
Our annual SMSF accounting fees are payable in two instalments, with the interim invoice (for 50% of the standard annual fee) issued in January and the final invoice (for the remaining 50% of the standard annual fee) being issued in July each year.
We perform interim work on the annual SMSF accounts from January each year. Following 30 June we will start to finalise the annual SMSF financial statements, arrange for the independent audit, and lodge the SMSF tax return.
At Online Super Fund, we believe in providing a service that meets your needs. We understand that because of the limited investment options under our service offering, you may eventually need to move to another SMSF accountant so that you can do other things with your SMSF (for example, limited recourse borrowing arrangements or cryptocurrency investments).
If you decide to cancel our SMSF accounting service, we will refund any fees you have paid in advance. We will also transfer all the accounting and legal records we hold for your SMSF to you, ensuring you have a smooth transition to a new SMSF accountant.
