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WE LOVE SMSF COST & SERVICES

Here’s a breakdown of the costs of a Squirrel SMSF and the service you will receive from our SMSF experts

WHAT ARE THE COSTS OF AN IWSMSF?

Here at IWSMSF, we believe in transparency. That’s why our SMSF costs are broken down into only two fees – a setup fee and a monthly admin fee. These fees are flat-rate, meaning they will not increase as your super balance increases. They are also all-inclusive, so you won’t be surprised by a hidden fee or extra cost that you didn’t expect.

COSTS

THE SET UP FEE

When you sign up for a Inner West SMSF, you will be charged a one-time setup fee of $2,550 (inc. GST). This fee covers the process of setting up your self-managed super fund, and also includes unlimited customer service to our SMSF experts. This one-time fee can be deducted from your SMSF cash account.

The Admin Fee

Our monthly admin fee from $229.17 per month (inc. GST) covers the management of your self-managed super fund and is deducted from your SMSF cash account. This flat-rate fee doesn’t increase with your super balance, and doesn’t change based on your investment type, so you can focus on your retirement strategy and not on fees.

Audit fee 

The audit fee is the fee to have your fund externally audited so that your fund maintains it's compliance status. This fee is $550 (Inc GST) It’s important to note that this fee paid to the external auditor.

The ATO Fee

The final cost that will be deducted from your SMSF is decided by the ATO, or the Australian Taxation Office. This is a $259 supervisory levy that the ATO charges when we lodge your SMSF tax return. It’s important to note that this fee is entirely decided and controlled by the ATO, not by IWSMSF.

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WHATS INCLUDED?

  • Establishment and registration of SMSF Trust

  • Establishment and registration of Special Purpose Corporate Trustee Company

  • Establishment of SMSF governing rules

  • Establishment and registration of investment strategy

  • Submission of “Election to be regulated” Compliance statement

  • Establishment of accounts with service providers

  • Set up of Bare Trust and Bare trustee when required for the purchase of property

  • Registration with Australian Tax Office

  • Rollover of other superannuation funds into SMSF

  • Annual compliance, administration and maintenance of SMSF

  • Annual return of Special Purpose Company

  • 24/7 access to IWSMSF's online SMSF management portal

  • Business hour access to IWSMSF's technical experts

  • Fixed fee for 1 – 4 members and any number / value of assets

What Services are Included in our Setup and Admin Fees?

THE SERVICE - WHY CHOOSE WE LOVE SMSF BEST SMSF'S SERVICE

Here at WE LOVE SMSF ,we provide our clients with unlimited customer service. This means that all of our clients have access to our team of experts and the services they provide - regardless of your super balance.

Our SMSF experts are available to help during the set up of your SMSF and whenever you need us once your SMSF is up and running. 

We can help with the accounting, audit and tax questions as well as the rules of what your SMSF can invest in. However it is important to note that we do not offer personal financial advice.

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