Do more in less time with our SMSF administration solutions
While SMSFs offer trustees a degree of flexibility when managing their own super fund, that flexibility comes with many responsibilities. One of those responsibilities includes administration.
Consistent SMSF administration ensures that the SMSF meets all compliance regulations proposed by the Australian Taxation Office & other superannuation legislation. If trustees aren’t meeting their administrative obligations, they risk a range of ATO penalties, including the issuing of non-compliance notices, administrative penalties and enforceable undertakings.
SMSFs can be an excellent way for your clients to invest in their retirement with the right plan. But, one of the biggest factors in managing an SMSF is staying compliant with regulatory and legislative requirements, which can be tricky.
By seeking SMSF strategic advice, professional advice, and administrative assistance, SMSF experts can ensure careful management and ensure that the fund meets all its compliance regulations and stays on top of its investments.
SMSF Engine is an Australian-owned and operated company that provides full-service SMSF administration.
Our team of experts provide ongoing SMSF administration and will handle everything from compliance to accounting so that your clients can focus on growing their wealth without worrying about their future financial situation and retirement savings. All our services are designed with one goal in mind – making sure we give your clients the best possible experience while saving them time and money.
We offer the choice of a premium daily administration service or a simple, low-cost annual service.
Bundling these services together creates a very cost-effective service for an accountant and financial adviser in practice, and an independent audit can be added for an additional fee.
We also offer a Daily Plus administration service that includes everything you expect in the Daily SMSF administration service plus a range of trustee services, including:
Our core SMSF administration service provides accountants and financial adviser seeking access to a dedicated team of SMSF professionals who care for their clients.
For both services, trustees can stay on top of their obligations. Using our Daily or Daily Plus SMSF administration services, we can process fund transactions as the bank account synchronises with the superannuation software – which facilitates easy reconciliations, investments revaluations and member transactions.
The data is stored in the cloud so all fund stakeholders can access the same, up to date information. And, instead of waiting months for annual financial data, the latest information is available 24/7. We can even help set up your clients’ on the software app so that they can stay engaged with their SMSF.
| Administration Service | daily | daily Plus |
|---|---|---|
| Anualised charge | $990 | $2,200 |
| Cost per month | $82.50 | $183.33 |
| Prepare statutory account & manage compliance | Included | Included |
| Fund software | Included | Included |
| Tax agent | +$220 | Included |
| ASIC agent for corporate trustee | +$110 | Included |
| Liaise with trustee | +$550 | Included |
| Fund audit | +$330 | Included |
| Technical support | Free | Free |
| Transition fee (If applicable)* | Free | Free |
*Additional fees may apply for funds with cryptocurrency, derivatives/options trading and other complex assets.
The Annual administration service suits SMSFs that do not require daily administration, online access or Transfer Balance Account Reports (TBAR).
Your annual compliance work can be completed once a year for a low fixed fee.
We can process funds on your current software (provided it is on our approved list), or we can set up funds on your nominated software platform, maintaining the licence on your behalf. You simply need to supply the normal fund documents (Bank statements, Investment statements, Rollover details etc.).
Our checklist will assist you in collating the required documents, or you can send this to your clients to know what to provide.
We will process all transactions and journals and prepare Draft accounts, SMSF Annual Return and Trustee Documents for review and approval.
Our annual SMSF administration service allows you to use your own Auditor or bundle our Audit service to save you even more!
| Administration Service | daily | daily Plus |
|---|---|---|
| Annual SMSF Administration | $990 | $880 per annum |
| Annual SMSF Administration + Audit | $82.50 | $1,210 per annum |
| Annual Independent SMSF Audit only | Included | Starts from $495 |
| Actuarial Certificate | Prepared by SMSF Engine when included with Administration | $176 |
| Setup Electronic File / Transition Fee * | +$220 | $180 |
We are the leading SMSF administration service in Australia. Our team of experts will handle all aspects of your client’s SMSF administration, so they can focus on growing their wealth and achieving financial freedom.
We do all the hard work for you, so it’s easy to stay on top of everything from tax returns to compliance. And we keep things simple with our fee structure too.
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