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.
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