What are the fees to establish a SMSF?
FREE. In accordance with our current offer it is FREE to establish your own DIY Superfund with ESUPERFUND.
What are the annual compliance fees payable after my SMSF is established?
FREE First Year and then $699 pa. ESUPERFUND attends to ALL the taxation and administration obligations for your Superfund for a FIXED fee of $699 (GST inclusive). This fee includes the audit of the Fund. In accordance with our current offer the first years compliance fee is free if you apply before the specified cut off date.
Does the fee change the more transactions the Fund makes?
No. Unlike many of our competitors whose fees increase the more transactions your SMSF makes, ESUPERFUND's fee is FIXED at $699 per annum whether your SMSF has 10 or 1,000 transactions per annum.
What is the ATO Levy payable to the ATO each year?
The ATO charges an annual levy of $150 for each SMSF. This annual ATO Levy applies to all SMSF and not just SMSF adminsitered by ESUPERFUND. Accordingly the annual ATO Levy cannot be avoided irrespective of which provider you choose to administer your SMSF. The annual ATO Levy of $150 is payable in addition to our annual fee of $699 per annum.
Does ESUPERFUND provide general taxation advice and what are the costs?
FREE. ESUPERFUND provides general taxation advice to clients via email and phone on all aspects of Self Managed Superannuation. ESUPERFUND does not charge for general taxation advice to clients.
What is the cost to setup a Simple Account Based Pension?
FREE. There is no fee to establish a Simple Account Based Pension.
What is the cost to annually administer the Simple Account Based Pension?
FREE. There is no fee to annually administer the Simple Account Based Pension.
What is the cost to setup a Transition to Retirement Account Based Pension?
FREE. There is no fee to establish a Transition to Retirement Account Based Pension.
What is the cost to annually administer the Transition to Retirement Account Based Pension?
FREE. There is no fee to annually administer the Transition to Retirement Account Based Pension.
What is the cost to setup a Binding Death Nomination?
FREE. There is no fee to establish a Binding Death Nomination.
Does ESUPERFUND charge any Contribution Fees?
No. ESUPERFUND does not charge any Contribution Fees.
Does ESUPERFUND charge any Entry Fees?
No. ESUPERFUND does not charge any Entry Fees.
Does ESUPERFUND charge any Exit Fees?
No. ESUPERFUND does not charge any Exit Fees.
Are there any "hidden" fees payable to ESUPERFUND?
No. ESUPERFUND does not have any hidden fees. The only fee payable to ESUPERFUND to attend to the Fund's annual compliance requirements (ie Financial Statements, Tax Return and Audit) is $699 per annum.
How do we keep our fees so low
ESUPERFUND is a volume based business that has invested significant capital to streamline its systems and processes resulting in material efficiency savings which are passed on to clients. ESUPERFUND has never increased their fees since establishment and in fact has periodically reduced their fees in line with efficiency gains made. View our article Tonic for the Sceptics for more.