SMSF ACCOUNT TRANSFER & ADMINISTRATION

TRANSFER YOUR SMSF

If you have already set up an SMSF and you are shopping around for a more cost effective provider then compare the benefits of My SMSF Property.

When choosing a SMSF accountant or administration provider for your SMSF you should check the following:

Q1. Is your provider just an accountant or administrator?
Q2. Are they licensed to provide you with SMSF advice on
super contributions, pensions, strategies, reserving and investments?
Q3. Do they offer any other services?

Consider the following for your SMSF:

  • Education and technical support?
  • Online Reporting?
  • Additional services such as advice, lending, legal solutions and investment options?

New government legislation as of the 1st of July 2016, requires accountants to be licensed to provider any super related advice. This new legislation will affect a lot of accountants who are not able to provide this service, without obtaining a  new license, education and putting in place insurance measures to operate their business

SMSF Accounting or Administration involves more than completing your fund’s tax return and audit annually. Many people consider SMSF’s from a purely accounting perspective, but you need to look at these 3 key areas you need assistance with

There are (3) very important elements to SMSF’s

COMPLIANCE

Accounting and Auditing of your fund annually

INVESTMENT

Selection and Management

ESTATE PLANNING

Asset protection and distribution of your accumulated assets

In our opinion, getting your fund’s tax return and audit completed for your SMSF will ensure your fund is compliant. It will not address your investments, asset protection, and succession requirements, potentially leaving you with more work, risk and responsibility, so it’s well worth doing your research on the services available in the market.

The SMSF Accounting and Administration services market is a large market with nearly 30% of all super funds in SMSF’s, it is also a market with a variety of providers. SMSF services vary, from accountants providing, transaction based pricing for SMSF tax work. There are fund managers and brokers using a percentage of asset value, as a way of billing for their services and finally, you have flat fee providers.

Why My SMSF Property?

  • Licensed for SMSF Advice
  • Licensed with the Tax Practitioners Board
  • Licensed finance Advisers
  • Direct ATO link to lodge tax returns / Tax Agent option
  • Online portal to manage your SMSF, property reporting, shares, ETF’s, accounting, and rental property manager
  • Low cost service
  • Education and Support
  • Independent Auditors
  • Our SMSF accounting pool, manage 1500 SMSF across the country, giving us experience and expertise, compared to the average local accountant with 5 -15 clients

3 TYPES OF SMSF SERVICE PROVIDERS

(1) Transaction based accountant services

These services are provided by local accountants who charge by each transaction on your account plus a fee for your funds audit

Comment: This can get costly as your funds grow and have more investments

(2) Percentage % based fees

Most of the larger providers including bank owned providers charge a % of your asset values

Typically, 0.75% – 1%

Comment: This is can be very costly and is a similar fee structure to retail and industry super fund. 

(3) Flat Fee providers

Flat fee providers like My SMSF charge a fee irrespective of the number of transactions or the size or asset value of your funds.

Our model is risk and work based and it’s the cheapest option with the most value for money.

OUR PRICING PLANS

  • BRONZE SMSF CARE
    POPULAR
    $91.66/ Monthly
    • Annual Accounting & Auditing*
    • Transfer of an existing SMSF
    • Cash / Fixed interest
    • ASX Listed Securities / ETFs / Funds
    • Exchanged Traded Funds (ETF's)
    • Bonds, Debentures, fixed interest securities
    • Managed Funds
    • Investment Property (residential only)
    • Phone, Email Support
  • SILVER CARE SMSF
    $129.16/ Monthly
    • Annual Accounting & Auditing*
    • Insurance advice
    • Cash / Fixed interest
    • ASX Listed Securities / ETFs / Funds
    • Bonds, Debentures, fixed interest securities
    • Commercial Property
    • Residential Property
    • Term Deposits
    • Phone, Email Support
  • GOLD CARE SMSF
    $$212.50 / Monthly
    • Annual Accounting & Auditing*
    • Review investment strategy, Binding Nominations
    • Cash / Fixed interest
    • ASX Listed Securities / ETF's / Funds
    • CFD's, Collectables, Currency
    • Bonds, Debentures, Fixed interest securities
    • Managed Funds / International shares
    • Investment Property (Residential / Commercial / Foreign)
    • Phone, Email Support

FREE HEALTH CHECK FOR YOUR SMSF

We’ll call you right back.

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