NEW SMSF SETUP - FREE
SMSF SET-UP DOCUMENTS INCLUDED in free set up:
CORPORATE TRUSTEE SETUP - FREE
ASIC fee - $611. This is a compulsory charge by government to register a company
CORPORATE TRUSTEE SETUP DOCUMENTS INCLUDED:
BORROWING ARRANGEMENT SETUP
Set up Bare Trust Deed - $330
Set up Bare Trustee Custodian Company - $611
Where you wish to borrow in the SMSF to purchase a property, a Bare Trustee Custodian Company and a Bare Trust Deed need to be set up. The property will be purchased in the name of the Bare Trustee Custodian Company as required by the SIS Act. The bank or financial institution will only provide a loan to the Bare Trustee Custodian Company.
BORROWING ARRANGEMENT SETUP INCLUDES:
Fee to be paid in advance today for first year accounting, tax return audit preparation:
| Financial statement and tax preparation | $990 |
| Audit by independent auditor | $330 |
| Total to be paid | $1,320 |
Additional fees:
| Corporate Trustee (where required) | $611 |
| Total to be paid | $1,931 |
Additional fees:
| Bare Trustee Custodian Company (where required) | $611 |
| Bare Trust | $330 |
| Total to be paid | $2,872 |
Ongoing fees in subsequent years including audit fees:
| Simple funds with cash only investments | $1,320 |
| Medium sized funds with cash and more than 10 shares | $1,650 |
| Complex funds with borrowings, pensions, listed & unlisted investments etc. | $2,200 |
*Fees are subject to review depending on the complexity of the investments and the circumstances of each fund on their individual characteristics.
