A bit of clarification: arrangement with accountant is as follows. Business taxation accounts(self employed), DIY super taxation accounts and personal taxation accounts. He does all three parts at the same time. Last year AUD 400. This was due to DIY investment in a further series of OM IP 220 fund of which he received 2% of investment from OM strategic, who manage fund in australia and I received 2% returned on up front costs. There is a 4% front end charge you see when purchasing these funds. Also 200 AUD to ASIC for business each year.This year accountants costs may well be higher as this years DIY super is languishing in a cash management account at 4% pa. until I decide what to do with it. ( apart from my venture in equitiesmentioned earlier.) Some paper work has to be attended to with DIY, I do this each quarter when I do my BAS payg and gst account. Overall I would say DIY super greatly reduces tax overall and I can place funds into whatever I choose. As trustee of super account I can visit investment property once a year. Airfares and accommodation are tax deductable, if not more than say three days or so. If I stay longer then it is proportioned out. I believe too much emphasise is placed on stock markets, the biggest casinos of all, for super funds, DIY or whatever. Individuals should be allowed to place their super funds into home property (only) not forced into sharemarket to enrich the lazy sods who run super funds. However I didn't call them lazy sods when profits were going up each year.
