t: 07 5444 6925
CBM Accounting SMSF Specialist
"Liability limited by a scheme approved under Professional Standards Legislation"
Services
Self-Managed Super Funds
Annual Administration
• Preparing Financial Statements for the Fund
• Preparation of the Annual Return including
Income Tax Member Reporting and Regulatory
Information
• Advising of Fund’s activities and reviewing its
compliance with the Superannuation Industry
(Supervision) Act and Regulations, highlighting
any areas of concern
• Calculating member entitlements including
preservation components
• Preparing member statements
• Preparing trustee minutes, trustee declarations, gainful employment declarations
• Documenting the creation of and minutes of
the annual review of the Fund’s Compliance
Investment Strategy, or obtaining the Fund’s
Compliance Investment Strategy from the
Fund’s financial planner
• Liaising with the fund’s auditor
• Calculating annual pension requirements
• Advising on the appropriate level of pension to draw and calculation of the tax to be deducted from the pension, where necessary
• Liaising with the fund’s actuary, where necessary
Fee Structure for SMSF
SMSF Administration Fees*
Annual Administration fee (2 member accounts):
• Accumulation mode: $990 - $1,450
• Pension mode: $1,510 - $2,465**
Takeover existing fund: $0
Review existing SMSF Deed: $0
SMSF Audit by independent auditor arranged by CBM Accounting: $440 - $770
Pension Commencement (per pension):
• Member under 60: $330
• Member over 60: $110
Commutation of existing pension: $0
Actuarial Certificate:
Defined Benefit Certificate (Centrelink): $396
Sec 283 Certificate: $187
SMSF Establishment:
• Individual Trustees: $880
• Corporate Trustee: $1,870
Compliance PAYG, GST obligations:
• Preparation of Quarterly Activity Statement: $0
• Superannuation contribution query: $0
• Binding Death Benefit Nomination: $220
• PAYG Income tax and GST: $0
• PAYG reporting Obligation: $0
Change of Trustee with Deed update:
• Individual: $990
• Corporate: $1,870
* All fees quoted correct as at 1 July 2020
** Contingent on number of assets within the fund