Fees and Service Schedules for Self Managed Super Funds

Fee and Service Schedule for Self Managed Super Funds

new fund establishment		inclusive of gst
	new fund (including trust deed) package includes draft trust deed and minutes (original and duplicate), binding death nomination forms, product disclosure statements and indexed superannuation folder includes standard postage	$440
end of year administration		accumulation and/or pension
	financial accounts and income tax return business activity statement/instalment activity statements where required for pension funds includes the preparation of annual pension calculations together with the required minutes fund audit trust deed upgrade will be provided at no charge on transfer to this service if applicable: actuarial certification fee will be disbursed at cost where a fund requires qualification to correct breaches and deal with ATO consultation rates of $275 per hour will be charged access to portfolio management system will be disbursed at cost	from $1650 plus fund audit from $440
full administration service		accumulation and/or pension
	transfer to SMSF Works full administration service -includes initial set up of the fund on the portfolio management system of historical data of investments held by the fund mailbox service - SMSF Works becomes the mailbox for all correspondence for your self managed fund end of year accounting & audit including business activity statement/instalment activity statements where required technical support - access to technical support can be obtained via email or telephone access to online portfolio management system - Trustees have access to online portfolio service via SMSF Works website - the following features can be accessed: daily valuation of investments portfolio reports automatic update of dividends automatic update when buying or selling assets consolidated portfolio valuations including shares, direct property, syndicated poperty and a full range of unit trusts pensions - pension funds include the preparation of annual pension calculations and relevant minutes trust deed- trust deed upgrade will be provided at no charge on transfer to this service if applicable: actuarial certification fee will be disbursed at cost where a fund requires qualification to correct breaches and deal with ATO consultation rates of $275 per hour will be charged	$1800* per quarter includes fund audit *Funds with less than $2 million assets Fund with more than $2 million assets fee by negotiation
trust deed amendment
	update – by deed replacement a trust deed upgrade will be provided at no charge on transfer to SMSF Works end of year administration service	$495 (discounts may apply for volume or where other services are provided)
fund structure changes
	trustee appointment or removal	$220
	member appointment or removal	$220
	change of fund name	$220
lump sum payment documentation
	SMSF WORKS will provide a comprehensive package to deal with lump sum benefit payments including PAYG withholding tax registration (if required)	$220 per benefit payment
rollover documentation
	preparation of rollover benefit statement and associated documentation	$220 per rollover

pension documentation - account based pension (ABP), allocated pension (AP) or term allocated pension (TAP) including transition to retirement income streams
	SMSF WORKS will provide a comprehensive package inclusive of: minimum/maximum calculations draft letters and minutes PAYG withholding registration (when under age 60) Tax File Number declaration (when under age 60) advice of PAYG withholding tax (when under age 60) product disclosure statement pension agreement		$440 per pension
pension documentation - conversion of allocated pension (AP) to account based pension (ABP)
	inclusive of: minimum/maximum calculations draft letters and minutes product disclosure statement pension agreement		$440* per pension (*$220 per pension where multiple conversions or where other services are provided)
income stream pension calculations
		$220 per calculation
superannuation consulting services
	assistance with all strategic issues related to the operation of a SMSF - charged at an hourly rate subject to client circumstances and may include outsourcing of various components for specialist legal, estate planning and tax advice	$275 per hour
corporate trustee – sole purpose SMSF trustee company formation
	documentation includes ASIC lodgement fee of $400	$880
registered ASIC agent
	SMSF Works can be appointed as your registered ASIC agent to assist in notifying any changes to your company's details and preparation and lodgement of ASIC annual company statement excludes ASIC lodgement fee	$220 per annum
special purpose property trust - limited recourse borrowing arrangement
	preparation of documentation allowing trustees to acquire property via the establishment of a bare trust inclusive of: checklist and guidelines for trustees declaration of trust (bare trust deed) loan agreement (if required) minutes and trustee resolutions technical support subsequent bare trusts to accommodate acquisition of ancillary car park/s, storage cage etc. where separate titles involved	$1650 first ancillary trust $550 each subsequent ancillary trust $110

Self managed super fund advantages

The opportunity to reduce income tax on investment income and capital gains;
Increased flexibility in investment choices and the asset selection;
Control over your total investment portfolio, with the ability to take account of the risk profile of all your assets, including those held outside superannuation;

The ability to have between 1- 4 members in the fund to allow the pooling of resources of others with similar financial objectives (for example, a family unit);
The maximum flexibility in relation to the usage of pension streams;
Increased flexibility to use the advantages
superannuation offers for those people trying to access Centrelink benefits such as the age pension;

The ability to transfer personally owned shares and other listed securities directly into superannuation; and
The ability to own your business' real property (but not operating assets) in the superannuation fund, assisting funding and cashflow problems for many businesses.