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What does it cost to run an SMSF?
By: SEO SERVICES IT
In 2021, the data extracted and which is updated annually for 2020 financial year the total expenses that were included in the SMSF annual return was $8769 million. The operating expenses from these were reported as $3626 million and which includes the SMSF auditor fee, management and administration expenses, other amounts and supervisory levy.
SMSF cost with different service packages with Superfund Warehouse:
If the actuarial certificate is required to finalise the accounts the fee of $110 including GST could be charged by the actuary who will issue the certificate. For other SMSF services fee can be discussed with professional you prefer to use.
As we offer SMSF outsourcing services to other accounting firms, tax agents, financial planners and SMSF administrators for volume work fee can be discussed and agreed as discount can be offered for volume work.
SMSF administration fee payable to Superfund Warehouse for the annual accounts can be paid annually once we complete the annual accounts. Invoice will be issued with the finalisation of accounts. Our fee is very competitive as compared to the other SMSF service providers.
It you have any question regarding our fee structure please feel free to contact us.