If you have an existing SMSF and you want to move it over to Superannuation Warehouse, then we are happy to take on your Fund even if there are any outstanding Tax Returns to be lodged. We can seamlessly take over the administration, accounting and taxation functions of your existing Fund.
The steps to transferring a Fund over to Superannuation Warehouse are as follows:
Your obligation: As Trustee, your assistance in this process is greatly appreciated. You will need to supply us with all your Fund’s records in Excel or a similar electronic file format. This can also be scanned copies of the Funds bank statements. Our preference is to import all your SMSF transactions electronically and perform an effective and efficient service. Items not available in Excel can be scanned and emailed. Alternatively, you can post the supporting documents to us via snail mail.
We strive to keep things as paperless as possible; nevertheless, rest assured, we always keep a hard copy (paper) file containing a summary of your SMSF.
Once your SMSF has been transferred to Superannuation Warehouse you can choose between our $49 or $89 plans. These are monthly fixed fees, irrespective of the number of transactions in the SMSF. We will send you a direct debit form to complete so that the monthly fee can be deducted directly from your SMSF bank account.
The monthly fee includes the costs of the accounting, tax and audit. We will appoint an independent auditor to take care of your SMSF. Your SMSF is charged nothing for the auditor as this service is covered by your fixed monthly fee.
We then charge monthly from 31 July onwards, $49 or $89, depending on the plan you choose. So if we take over an SMSF in November we will charge for 4 months initially and then regularly from November onwards. We will ensure that your SMSF accounts and tax are completed on a timely basis. This is all taken care of with a debit order, so it will be deducted from your bank account on a monthly basis.
Note that we charge a one-off fee of $475 for an SMSF take-on. This includes the cost of obtaining your Fund records. If any previous years’ accounts, tax returns and audits are outstanding, we will charge $1,068 for each year that needs to be completed.
For more info about how we do the take-on process, please watch the video below.
An alternative way to transfer your SMSF to Superannuation Warehouse is simply to phone or email us.
Apart from the take-on fee ($475) we charge $1068 to complete accounts and tax returns from previous Financial years. We then charge monthly from 31 July onwards, $49 or $89, depending on the plan you choose. So if we take over an SMSF in November we will charge for 4 months initially and then regularly from November onwards. We will ensure that your SMSF accounts and tax are completed on a timely basis. This is all taken care of with a debit order, so it will be deducted from your bank account on a monthly basis.
With Superannuation Warehouse, you are not committed to a minimum time, and there’s no penalty fee if you want to move your Fund to another accountant/administrator. We pride ourselves on providing an excellent service at a fair price and we are confident that you will remain with us as a client. However, if you should decide to use another provider, no worries, we have all the updated soft and hard copies of your files ready to hand over directly to your new accountant.
We’ll contact your previous accountants with an ethical letter advising them of our appointment for your SMSF. We’ll appoint ourselves with the Tax Office as the Tax Agent of your SMSF. Note that we always leave your address on the ATO records so you receive all paper correspondence from the Tax Office. If we don’t receive a copy of the Trust Deed, previous accounts and audit report and tax return from your previous accountant, we’ll ask you for a copy.
We need the following 5 documents :
We’ll contact your previous accountant and request copies of these documents. If they don’t have them, we’ll ask you for copies. If you don’t have them either, you can download copies, sign them and send copies to us. We prefer scanned copies but, if it’s more convenient for you, you can post them to us. Free downloads of these documents and other useful SMSF documentation is available from the downloads page. If you send us a paper copy, we will scan it, save it on our system, and post the paper copy back to you.