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