Administration Transfer

Transferring your Self Managed Superannuation Fund (SMSF) annual administration from your current service provider to SuperEasy® is simple. If you have decided to do so, all you need to do is fill out the application on our website and pay for the service. We will then send you further instructions with detailed list of documentation required to enable us to process the tax return and audit of your fund.

There are no additional charges involved in transferring your fund from your previous service provider to SuperEasy® providing that we obtain from your previous service provider accounting files including: Members Statements, Investment Summary Report and Detailed Schedule of Assets, in a format that we can download into our accounting software*. We will however require additional documentation from you, now that you are becoming our client, such as the previous year financial statements and tax return. This will be the starting point for our accountants. We will also, with your permission, contact your previous service provider and advise them of your decision to appoint SuperEasy® for the processing of the annual administration of your self managed super fund. This is a common and professional practice in the industry.

As a part of the Superannuation Industry Supervision Act (SISA) and Australian Taxation Office (ATO) regulations, we will also require your original trust deed and any relevant deed amendments, so that our auditors can check whether your trust deed is in accordance with the current legislation. Checking the trust deed is part of SuperEasy® annual administration service and is an intricate part of the audit process.

If your self managed superannuation fund is in operation for a number of years, given the numerous changes in the legislation that have determined the calculations relevant to the members balances over the years, we recommend that a members balance review is performed. For a symbolic fee, our accountants will check the members’ balances, making sure that the members’ entitlements are correct. This will become extremely relevant once your fund enters the pension phase, and the fund starts paying benefits.

When you transfer your SMSF and appoint SuperEasy® for the annual administration:

  • You can keep your existing broking, bank or any other accounts already servicing your fund.
  • SuperEasy® does NOT need direct access to any of your accounts.
  • SuperEasy® will not condition you to open any new account.
  • The address of your super fund will remain on the ATO portal as your residential address and not SuperEasy® address, therefore you are always in control of your fund.
  • All your other service providers to your fund should have your residential or postal address as the main contact address, this remains your responsibility.

If you have any questions relating to transferring your annual administration to us, please call us on 1300 554 333.

SuperEasy® offers a Fixed Fee of $1,495 for the Self Managed Superannuation Fund Annual Administration. The fee is based on 15 different Australian investments, irrespective of the size of the fund** and includes an audit fee of $700. The same price applies irrelevant of the number of members in the fund, with a corporate or non-corporate trustee. The service includes preparation of the accounts, audit (CLICK HERE for the terms of audit), tax return and lodgement with the ATO. If you are not sure about a total number of investments in your SMSF, you can select and pay for the 15 Australian investments our standard fee of $1,495 (GST incl.). If the total number of investments in your fund is more than 15, SuperEasy® will invoice any additional fee when the processing of your SMSF is finished, and the total number of investments can be checked.

If you are ready to appoint SuperEasy® for your service provider, please click Admin Calculator button:

SMSF Annual Administration Calculator

Calculate your fixed fee quote prices starting from $1,495

 

If your DIY super fund exceeds 15 Australian investments as per our fixed quote(CLICK HERE for the definition of investments and fee schedule), you can find out precisely the additional cost, by using our Admin Calculator. If you are not sure about a total number of investments in your SMSF, you can select and pay for the 15 Australian investments our standard fee of $1,495 (GST incl.). If the total number of investments in your fund is more than 15, SuperEasy® will invoice any additional fee when the processing of your SMSF is finished, and the total number of investments can be checked.

Alternatively, you can download a form from the list below, by clicking on the form you want to download or you can request these forms by sending us an email to admin@supereasy.com.au


Downloadable List of Annual Administration Application Forms:

Adobe Acrobat Format (PDF)

* The Transfer of your fund’s Administration to SuperEasy requires following steps:

  • Filling in the Annual Administration Application form and paying the standard fee published on the website for the service
  • Signing the Engagement Letter and Authority to Proceed, Audit Engagement Letter and Trustees’ Representation Letter
  • Providing the contact details of the previous service provider to enable SuperEasy to organise an Ethical letter
  • SuperEasy uses BGL accounting software for the Annual administration of the funds, therefore your previous service provider will need to provide the BGL file for upload of the historical data
  • The transfer of funds providing the BGL file is free of charge
  • If your previous service provider doesn't use the BGL accounting software, SuperEasy will be required to conduct manual input of historical data for your SMSF
  • There are no additional charges involved in transferring your fund from your previous service provider for the manual input of data if a total number of investments is up to 15 and the input documentation from the previous service provider has to be the Detailed Schedule of Assets and the Trial Balance for the previous financial year.
  • Our cost for the manual input of data for the funds without the BGL file is $350 and is based on 15 investments plus $22 for each additional investments. The input documentation from the previous service provider has to be the Detailed Schedule of Assets and the Trial Balance for the previous financial year.
  • In case the SMSF historical data provided is inaccurate, bank accounts are not balanced and the documentation is lacking information, containing errors and require additional work, SuperEasy holds the right to charge accordingly as per the hourly rate $250.

SuperEasy®'s costs are time based and depend on the amount of work required to complete a specific task. That's why, whenever possible, we base our charges on the number of investments. Other factors, which could influence our fees, are the completeness and correctness of the records and documents that you provide. Let us know if your fund has a large number of transactions per investments, or does " Day trading". Day trading is a practice of buying and selling financial instruments within the same trading day. Additional fee might apply for day trading of investments. While we will do our best to provide the accurate estimate based on the client’s input at the time of quoting, the final price will depend on the actual work performed and time spent on processing of the fund. Please note that all work is carried out by experienced, superannuation specialists at our office in Melbourne and is fully covered by the appropriate professional indemnity insurance.


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