Superannuation Warehouse specialises in SMSFs
Simple setups to get started with the SMSF Experts
Setting up an SMSF
Superannuation Warehouse is a registered tax agent and will action the setup of the SMSF for you.
01
Open a Bank Account
After the ABN has been issued by the ATO, the Trustee can open a bank account. Superannuation Warehouse does not limit who you decide to bank with.
02
Roll Existing Funds
Existing Superannuation balances in a Retail/Industy Fund can now be rolled over into the SMSF Bank Account once the Fund is listed as complying
03
Investment Selection
You can either choose our $60 monthly plan or $100 monthly plan. The plan will depend on the investments you decide to hold with your SMSF.
04
Direct Debit Set-Up
Superannuation Warehouse will allow around 6 weeks for your bank account to be setup and funded before starting our payment plan.
05
SMSF SETUP
Affordable Self-Managed Super Fund Setup Services
If you have decided to set up an SMSF, Superannuation Warehouse can execute the SMSF (Self-Managed Superannuation Fund) setup at a cost of $450 with an- Individual Trustee structure. The standard SMSF setup is for two or more Individual Trustees (maximum 6). If Trustees want to use a Corporate Trustee, we charge $1,400 for the Corporate Trustee structure setup. However most Funds are established using the Individual Trustee structure. For the advantages of using a Corporate Trustee, see the page explaining pros and cons of using a Corporate Trustee.
SMSF AUDIT
Qualified and Approved Auditors for Your Auditing Needs
The Superannuation Warehouse website offers many templates. You can set up your own SMSF and complete your own financial accounts and tax return. However, your SMSF must be audited by an independent auditor – and this is where we can help.
The audit fees that we charge are based on the investments in an SMSF. This includes a discount on a well ordered Fund with complete supporting documents and work papers.
Achieving Financial Goals with Permissible SMSF Investment Strategies
Many people dream of setting up an SMSF and filling it with exotic investments like artwork, classic cars and yachts. There are, however, certain rules as to the types of investments an SMSF can acquire. So, let’s take a look at what are deemed to be allowable SMSF investments.
Your SMSF must formulate an SMSF investment strategy rather than a business (trading) strategy, and any investment decisions must be in accordance with that investment strategy.
Superannuation Warehouse provides a full range of SMSF services from setup to annual compliance administration.
Annual Report
Tax
Supervisory Levy
Tax Rates and Returns
Frequently Asked Questions
There are many questions on Self Managed Superannuation Funds(SMSFs,) The best place to look is generally on the ATO Website. The ATO is the requlator of SMSFs,so it is the best to get is straight from the horse’s mouth.
The $60 fee includes the fees for accounting, tax and audit functions if there are cash investments only. Remember the SMSF will pay other fees like bank fees, the super levy charge and tax on contributions.
We charge a lower accounting and administration fee for a simple fund (with just bank accounts) than we do for a more complex fund that’s investing in property, share derivatives and FX.
Most Funds we set up are with Individual Trustees and per the ATO statistics, around 80% of all Funds have Individual Trustees. If you want to purchase property using a bank loan, the bank might be insistent on a Corporate Trustee structure. We also discuss pros and cons of using a Corporate Trustee structure on this page. However, its ultimately your choice which Trustee structure to use.
You keep all the original documents. We prefer to receive statements as soft copy so that we can load them directly into our accounting system to produce your SMSF’s annual accounts and tax return. This also improves accuracy because we don’t have to re-key your data.
We have a paper copy and a soft copy of your accounts at our office. All source documents, e.g. bank statements etc. would be kept by you as a Trustee of the SMSF. We require copies only, and the best option is a soft copy or scanned copy emailed to us.
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