Private super funds?, page-6

Laser

I do not know of the companies you have mentioned but a word of warning cheap is not always best especialy when it comes to self managed super funds.

Any errors made can be very costly especialy if the fund is deemed to be non complying. This can result in heavy tax penalties for the fund and any employer who has claimed a deduction for contributions to the fund and potential jail for the trustee - you.

The $3000 quoted by your accountant also seems very excessive even if you did have a relatively large number of transactions.

Another thing you may want to consider is you mentioned you want to set up the fund so you can trade. You may need to be careful here especially if you me trade in the context of a share trader (high volume and quick turn over of shares). This may be considered conducting a business which super funds are not allowed to do.