Forms & Fees

Statement of Advice (SOA) Fee

Where advice becomes personal to a SMSF member SMSF Works has developed a referral process to meet both the needs of SMSF members and the clients of our accounting partners.

Scope of the Advice

SMSF Works undertakes the assessment, determines the appropriate options and proposes a recommendation in the form of a Statement of Advice (SOA).

 Is a SMSF right for you? $990
Is a LRBA right for you? $1,100
Commencing a pension $550
What contribution is right? $550
SMSF establishment Fee

New self managed superannuation fund package
includes:

  • trust deed (original and duplicate)
  • trustee consent forms
  • minutes
  • member applications and tax file number notifications
  • binding death benefit nomination forms
  • product disclosure statement and
  • indexed superannuation folder

More Information about Establishing a new SMSF

 $440
Corporate trustee – sole purpose SMSF trustee company formation Fee

Company formation documentation to satisfy the Corporations Act 2001 including:

  • Certificate of Registration of a Company
  • Constitution (original and duplicate)
  • Completed Director and Secretary consent forms
  • Completed applications for shares
  • Minutes of meetings of Directors
  • Share Certificates
  • Share member registry
  • Consent to use registered office (if the company does not occupy the registered office)

Includes ASIC lodgement fee of $469 More Information about trustee structure go to Establishing a new SMSF

$935

 

 

 
End of year SMSF administration Fee

Inclusive of:

  • financial accounts and income tax return
  • business activity statement / instalment activity statements where required
  • for pension funds this 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.

More Information about administration of existing SMSF’s & transferring your fund to SMSF Works

Accumulation and/or pension from $2,200 p.a. plus audit $495 Paid monthly in advance ($225 p.m.)

Additional charges incl. Property $550 Non standard assets $275 Actuarial certificate $154
Full SMSF administration service  Fee

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 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 via SMSF Works website and 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 property anda full range of unit trusts
  • pensions 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 $375 per hour will be charged.

More Information about administration of existing SMSF’s & transferring your fund to SMSF
Works

Accumulation and /or pension from $3,300 p.a. plus audit $495 Paid quarterly in advance ($949 p.q.)

Additional charges incl. Property $550 Non standard assets $275 Actuarial certificate $154
Registered ASIC agent  Fee

SMSF Works can be appointed as your registered ASIC agent to assist in notifying any changes to your company’s details and ASIC annual company statement.

Excludes ASIC annual lodgement fee

$220 per annum

 

 
Fund structure changes  Fee

Structure change documentation is available to support:

  • trustee appointment or removal
  • member appointment or removal
  • change of fund name
 $330
$330
$220(discounts may apply where multiple services are provided)
Trust deed amendment  Fee

Inclusive of:

  • update by deed replacement
  • trustee minutes
  • member advice of amendment
  • pro-forma binding death benefit beneficiary nominations

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)
Pension documentation Fee

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 in duplicate

More Information about Account Based Pensions

 $440 per pension
TBAR reporting – assistance  Fee

Reporting to met ATO requiremetns for the following

  • Pension commencement
  • Pension commutation full or partial
  • LRBA repayments
  • ATO commutation authority
  • Reversionary income stream
  • Child death benefit income stream
 $220
Pension income stream calculations  Fee

Inclusive of:

  • minimum / maximum calculations
  • draft letters and minutes
 $220 per calculation
Rollover documentation Fee

Inclusive of:

  • member / trustee draft letters
  • trustee minutes
  • rollover benefit statement
 $220 per rollover
SMSF borrowing structure – limited recourse borrowing arrangement (LRBA) – bare trust  Fee

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 – original and duplicate (bare trust deed)
  • loan agreement (if required)
  • minutes and trustee resolutions
  • technical support

More Information about Limited Recourse Borrowing

$1650

 

 

 

 

 

 

$935
Subsequent bare trusts to accommodate acquisition of ancillary car park/s, storage cage etc. where separate titles involved. First ancillary trust $550,
Each subsequent ancillary trust $110
Superannuation consulting services Fee
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. $375 per hour
Discretionary Trust establishment Fee

Discretionary Trust documentation, including:

  • Discretionary Trust Deed
  • Minutes of meetings of Trustees
  • Register of Beneficiaries and Trustees
  • Consents to Act
  • Trustee’s letter and Settlor’s letter

SMSF Works can attend to the stamping of the Discretionary Trust Deed.

 $440
Unit Trust establishment Fee

Unit Trust documentation, including:

  • Unit Trust Deed
  • Minutes of meetings of Trustees
  • Unit Certificates
  • Register of Unitholders
  • Register of Trustees
  • Consents to Act
 $440

SMSF Works can prepare documentation for maintenance of the Unit Trust and provide:

  • Minutes of Meetings
  • Register of Unitholders
  • Unit Certificates
  • Notice of Allotments
  • Application and allotment and unit redemption register
  • Unitholders Summary
  • Distribution minutes
 $220 per year for ongoing unit trust maintenance

To request further information contact SMSF Works

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