The fees and charges at Superannuation Warehouse are simple and low. Efficiency is our watchword. Our fees are one low flat rate, irrespective of your SMSF balance or how many transactions you make.
*Scanning: We require soft copies of all the supporting documents to make the accounting process efficient. However, in a circumstance where hard copies are provided, we will need to scan those in for accounting and audit purposes. We do not keep any hard copies in our premises.
Fees are generally fixed, but if there’s incomplete information from Trustees and significant re-work on accounting matters by us, we will have to pass on this cost to the Trustee at the rate of $150/hr.
Fees are payable monthly in arrears. All fees include GST. There are no exit or penalty fees if you decide that you no longer want Superannuation Warehouse to take care of your SMSF.
Administration fees cover the annual preparation of accounts, tax return and audit (we appoint and pay the auditor). This is all you need to run your SMSF. The only possible additional expenses are items such as bank fees and brokerage charges.
If your SMSF is set up on the 12th of the month, we will set up a debit order to be deducted from the SMSF’s bank account on the 12th of every month. And don’t worry, we perfectly understand and take into account the fact that it can take some time to get a bank account set up and funds rolled over from your existing Superannuation Fund to the SMSF.
What do we expect from you?
As a complete administration service, we will supply you with the following documents for your SMSF at the end of the financial year: Financial Statements, Member Benefit Statements, Tax Calculation and a Tax Return as well as Trustee Minutes for the year.
Costs in an SMSF
Retail super funds usually charge their fees and costs before allocating earnings to members. When comparing returns of an SMSF, remember to compare the total earnings and total costs when benchmarking against a retail fund. See the following newspaper article on this subject.
If for any reason you are not completely satisfied with our services and you want to request for a refund, please email us at firstname.lastname@example.org. As soon as we receive your email, one of our staff will contact you and assist you with the process.