SMSF Setup Costs
We listened when Australians said the SMSF process was complex and expensive! Our self-managed super fund specialists take the stress out of setting up a self-managed super fund and other asset investing by guiding you step by step through the process, whilst keeping application and running costs affordable, so you can understand and manage your SMSF setup costs with confidence. It is important to note that all fees below are taken from your current retail superannuation fund.
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SMSF Set-Up Fee
Paid on application: Fee reimbursed back to you from Super Balance once your fund is established
All ATO-regulated SMSF Establishment Documents
All required documentation to appoint trustees.
Application of ABN and new TFN for the SMSF
Dedicated consultant to assist you with the establishment of the fund
Ongoing support for compliance and reporting requirements.
Access to online portal for managing your SMSF.
$Free*
/ One-off payment
Govt/ASIC fees are not included ($611). Please call our team of consultants if you require any assistance with SMSF setup or have any questions on 1300 050 939.
SMSF Set-Up Fee
Dedicated Account Manager
Preparation of the annual financial statements for the SMSF.
Preparation and lodgment of the annual tax return for the SMSF.
Annual SMSF audit done by our external auditor.
Preparation of the annual member statements for the SMSF.
Phone and Email Support
NO Lock-In Contracts
$1950*
/ Annual Fee
All monthly fees are paid for by your super and are directly debited from your SMSF bank account. Fees are a tax deduction for your fund.
First-Year Transfer Special
Dedicated Account Manager
Full setup and onboarding for transferring your existing SMSF.
Preparation and lodgment of the annual tax return for the SMSF.
Annual SMSF audit arranged with our independent external auditor.
Preparation of the annual member statements for the SMSF.
Phone and Email Support
NO Lock-In Contracts
$1199*
/ First Year Special
All monthly fees are paid for by your super and are directly debited from your SMSF bank account. Fees are a tax deduction for your fund.
SMSF Setup Costs in Australia Example
| Year 1 | Year 2 | |
|---|---|---|
| The SMSF setup fee is paid back by the fund once established | $0 | $0 |
| ASIC Fee | $611 | $0 |
| Accounting Fee (No lock-in contracts) | $1950* /Annual Fee | $1950* /Annual Fee |
| SMSF Levy: Paid at tax time | $518 | $259 |
| Company Renewal | $0 | $56 |
| ESA (Electronic Services Address) | $45 | $0 |
*A one-off ASIC fee of $611 is on top of the SMSF setup fee.
Accounting fees are based on a fund with standard asset investments. Additional assets (i.e., multiple properties) involving additional accounting resources/complexity due to the high level of transactions to be reviewed by accountants.
Speak to one of our consultants regarding accounting fees if this occurs. Note: accounting fees are paid for through your SMSF on a monthly or annual basis. No lock-in contracts apply with your accounting and tax services.
Prices displayed in the SMSF Setup Costs in Australia Example are for guidance only and relate to a one-member fund with audit and tax services for an SMSF with basic assets only.
Year 1 fees are regardless of the month of the year the SMSF setup is completed. Prices are subject to change based on individual circumstances. Prices include GST.
Speak to one of our consultants regarding accounting fees if this occurs. Note: accounting fees are paid for through your SMSF on a monthly or annual basis. No lock-in contracts apply with your accounting and tax services.
Prices displayed in the SMSF Setup Costs in Australia Example are for guidance only and relate to a one-member fund with audit and tax services for an SMSF with basic assets only.
Year 1 fees are regardless of the month of the year the SMSF setup is completed. Prices are subject to change based on individual circumstances. Prices include GST.
The SMSF Supervisory Levy Fee
$259 is charged annually by the ATO. This fee allows you to run your SMSF and will be added to your SMSF tax bill. The fee is paid twice in year one and once for each following year.
ASIC Renewal Of Your Company Name
ASIC charges you a fee to have your company name reviewed and keep your company on the ASIC database. The $56 is debited from your SMSF bank account annually on the date your SMSF was established.
Paid 1 year after the fund was established and then annually.
Paid 1 year after the fund was established and then annually.
ESA
Electronic Services Address fees are $45 per year (debited annually from your SMSF bank account) This system notifies all parties when your employer makes contributions to your SMSF.
Payable from the anniversary of the fund setup.
Payable from the anniversary of the fund setup.
Contribution Tax
Your employer contributions are taxed at 15%.
Capital Gains Tax
Any profit made from sold assets is taxed at a rate of 15%.
*A one-off ASIC fee of $611 is on top of the SMSF setup fee.
Setting up and running your own
SMSF crypto or SMSF property or SMSF shares
has traditionally been met with expensive ‘setup’ and ‘auditing’ fees. Not anymore. At New Venture Wealth, we’re taking a different approach.
We set up your property SMSF, equities SMSF, and crypto SMSF and provide fixed monthly auditing fees with no ‘lock-in’ contracts.
All expenses for your crypto SMSF, property SMSF, or shares SMSF (setup, auditing & government fees) are paid by your traditional retail superannuation fund. We guide you through the entire process ‘step by step’, providing you with a designated consultant to ensure your fund is completed in a timely manner and fully compliant with all superannuation regulations.
If you would like to learn more about setting up a super SMSF so you can start investing in property, crypto, equities and more, please book a 15 min consultation with one of our team or call 1300 050 939.
We set up your property SMSF, equities SMSF, and crypto SMSF and provide fixed monthly auditing fees with no ‘lock-in’ contracts.
All expenses for your crypto SMSF, property SMSF, or shares SMSF (setup, auditing & government fees) are paid by your traditional retail superannuation fund. We guide you through the entire process ‘step by step’, providing you with a designated consultant to ensure your fund is completed in a timely manner and fully compliant with all superannuation regulations.
If you would like to learn more about setting up a super SMSF so you can start investing in property, crypto, equities and more, please book a 15 min consultation with one of our team or call 1300 050 939.
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Book a Free Consultation
We provide a FREE 30 minute online SMSF consultation to help you discover how to set up a self managed super fund.
Book in a time for your free SMSF Consult with one of our account managers who will be happy to answer any queries you have about setting up your new SMSF
Phone Number1300 050 939
Email Addressinfo@newventurewealth.com.au