www.esuperfund.com.au

Questions & Answers - Fees


+ What is the Fee to Setup a New SMSF?

It is FREE to set up your own SMSF with ESUPERFUND under our current Special Offer. Our Free New SMSF Setup Offer includes attending to the following requirements to establish your SMSF:

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    The SMSF Trust Deed
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    Documentation to appoint Trustees
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    Trustee Declarations
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    Lodgement of an Election for your SMSF to become a Regulated SMSF
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    ATO Application to obtain a Tax File Number for your SMSF
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    ATO Application to obtain an Australian Business Number for your SMSF
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    Sample Investment Strategy that you can adopt for your SMSF or modify if required
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    Resolutions and minutes to acknowledge the establishment of your SMSF
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    Application to establish a Bank Account with your preferred Bank
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    Application to establish a Broker Account with your preferred Broker
+ What is the Fee to Transition an Existing SMSF?

If you already have an Existing SMSF, please note that unfortunately, we are unable to transition the Existing SMSF to ESUPERFUND.

+ How much is the ESUPERFUND Annual Fee?

The ESUPERFUND annual fee is FREE for the first Financial Year and then per annum. ESUPERFUND attends to the taxation and accounting obligations for your SMSF for an annual fixed fee of per annum (GST inclusive), irrespective of the number of transactions made by your SMSF, the size of your SMSF or the number of Members. The ESUPERFUND annual fee includes attending to the following annual compliance obligations for your SMSF:

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    Preparation of an annual Balance Sheet
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    Preparation of an annual Profit & Loss Statement
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    Preparation of annual Member Statements
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    Preparation of annual Trustee Resolutions & Minutes
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    Preparation of an annual Income Tax Return
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    Preparation of an annual Audit
+ Does the ESUPERFUND Annual Fee cover annual compliance obligations for your SMSF?

Yes. ESUPERFUND attends to the above annual compliance requirements for your SMSF for our annual administration fee of per annum. You do not need to arrange for another Accountant to prepare the above annual documentation as it is all completed by ESUPERFUND. Similarly you can be assured our annual administration fee of per annum will cover your SMSF annual obligations. Please note that the ATO charges an annual levy of for each SMSF. This annual ATO Levy applies to all SMSF's and not just SMSF's administered 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 is payable in addition to the ESUPERFUND annual administration fee of per annum.

+ How does the ESUPERFUND Annual Fee compare to the Market?

At ESUPERFUND our annual fee is fixed at per annum, irrespective of the number of transactions made by your SMSF, the size of your SMSF or the number of Members. Other providers may charge up to $5,000 to administer your SMSF.

+ Does the fee increase the more transactions the SMSF makes?

No. The ESUPERFUND annual fee is fixed at per annum whether your SMSF has 10 or 1,000 transactions per annum.

+ Does the fee increase if I have more than one Member?

No. The ESUPERFUND annual fee is fixed at per annum whether you have 1,2,3 or 4 Members (noting that 4 Members is the maximum in a SMSF).

+ Does the fee increase the larger my Super Benefit?

No. The ESUPERFUND annual fee is fixed at per annum whether you have $1 or $10 million in your SMSF.

+ Is the ESUPERFUND Fee an Introductory Fee?

No. The ESUPERFUND annual fee is not an introductory fee. Our aim is to ensure our fees are the most competitive in the market on a continual basis. At ESUPERFUND our administration fee is currently fixed at $999 per annum, irrespective of the number of transactions made by your SMSF, the size of your SMSF or the number of Members.

+ When is the ESUPERFUND Annual Fee payable?

For New SMSF Setups the annual fee is payable on 15 January each year after the expiration of our Special Offer period.

+ Who pays the ESUPERFUND Annual Fee?

Importantly your SMSF will pay the annual fee of from the Transaction Bank Account established for your SMSF. An authority to make the payment annually is included with the Establishment Package sent to you for signing when you apply to establish an SMSF with ESUPERFUND. The payment will occur automatically each year from your SMSF's Transaction Bank Account.

+ What is the Fee to setup a Pension with ESUPERFUND?

There is no charge. Once you turn Preservation Age you are permitted to commence a Pension Income Stream from your SMSF. ESUPERFUND will setup a Pension at no additional cost to you. 

You should obtain your own independent financial and taxation advice about whether taking the above action is appropriate to your circumstances.

+ What is the Fee to annually administer a Pension with ESUPERFUND?

There is no charge. When you commence a Pension in your SMSF there are a range of additional compliance requirements necessary each year. These additional compliance requirements are all attended to by ESUPERFUND. Importantly the additional compliance requirements are at no additional costs.

You should obtain your own independent financial and taxation advice about whether taking the above action is appropriate to your circumstances.

+ What is the Fee for a Death Benefit Agreement with ESUPERFUND?

There is no charge. To ensure your Super Benefit is distributed in accordance with your wishes on death all SMSF Members should, execute a Death Benefit Agreement for their SMSF. ESUPERFUND allows you to do this on our website for no additional charge.

You should obtain your own independent financial and taxation advice about whether taking the above action is appropriate to your circumstances.

+ What is the Fee to Change Trustees or Members?

You are permitted to add or remove Members and Trustees. You can lodge a change trustee or member application through your Client Portal. A fee of $199 will apply to establish the change of Trustee/Member application. It is important to note that additional costs may apply when processing a change in Trustee/Member application in relation to your SMSF. You should seek legal or professional advice before completing a change in Trustee/Member application for your SMSF. ESUPERFUND does not and cannot provide you with financial or legal advice in relation to a change in Trustee/Member for your SMSF.

+ Are there any Exit Fees?

ESUPERFUND charges $499 (incl. GST) to wind up an SMSF (i.e. to close down your SMSF). There is no exit fee if you decide that ESUPERFUND services is no longer required for your SMSF and you are free to move to another Accountant at any time. You can terminate the services of ESUPERFUND at any time and for any reason by notifying ESUPERFUND in writing.

+ What is the Fee if my SMSF borrows to buy Property?

Clients of ESUPERFUND are permitted to borrow invest in Australian Residential and Commercial Property. It is important to understand that when you borrow to buy property you must purchase the Property using a Bare Trust or Security Custodian Structure. Importantly ESUPERFUND attends to the entire setup process and loan establishment. This service is $500. In addition no additional fee is payable by clients who invest in Property with their SMSF, whether they borrow or not. Our annual fee remains at per annum. Please note that fees will be charged by the Lender providing finance for the Borrowing. Find out more about the Interest Rates and Fees.

You should obtain your own independent financial and taxation advice about whether taking the above action is appropriate to your circumstances.

+ What is the ATO Levy payable to the ATO each year?

The ATO charges an annual levy of for each SMSF. This annual ATO Levy applies to all SMSF's and not just SMSF's administered 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 is payable in addition to our annual fee of per annum.

+ 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.

+ Are there any additional fees I need to consider prior to making a decision to setup a SMSF?

When setting up an SMSF it is important to understand that additional fees may apply that must be carefully considered prior to making a decision to setup an SMSF including:

ATO Supervisory Levy

The ATO charges an annual levy of for each SMSF. This annual ATO Levy applies to all SMSF's and not just SMSF’s administered by ESUPERFUND. Accordingly the annual ATO Levy cannot be avoided irrespective of which provider you choose to administer your SMSF.

Company Trustee Setup Fee (where applicable)

When setting up an SMSF you can appoint either Individuals as SMSF Trustees or a Company as Trustee. Each option is discussed here. For your convenience, if you do not have an existing Company and would like to establish a Company to act as Trustee for your SMSF, ESUPERFUND offers a Company Setup Service as part of its online SMSF application here. The cost of establishing a Company with ESUPERFUND is . In addition where the sole purpose of the company is to act as Trustee for a SMSF (for a "special purpose") the annual ASIC review fee is reduced to per annum compared to per annum for a company that is not a "special purpose" company. These fees can be avoided by using Individual Trustees for your SMSF . There is no additional annual fee payable to ESUPERFUND to manage the Company. Please note that you are not obligated to use the ESUPERFUND Company Setup Service and can arrange to setup a Company with any provider desired. The Company details can in turn be entered into our online application when applying for an SMSF here.

Investment Fees

When you setup an SMSF you can invest in a range of different Investments as detailed here. It is important to understand that fees may be incurred when investing your Super Benefit including but not limited to brokerage fees when investing in shares and property purchase costs such as stamp duty and borrowing costs when investing property. Information about Investment Fees can be typically found by reading the product disclosure statements and terms and conditions of the relevant Investment (where applicable) or by contacting the Product Provider directly.

You should obtain your own independent financial and taxation advice about whether setting up an SMSF is appropriate for your circumstances.