im looking into making a self managed super fund and wondering if the annual government fees is considered a rort ? its the government initiative to force us into putting aside money for our retirement and become less reliant on government handouts but the government collects annual fees from this. is this considered a rort ? Everything is computerised, theres no paperwork and the internet expediates lodgement and convinience. Computer AI can do work for free..... why the exorbitent fees ??? whose wages are the fees used for ? does computers get paid a monthly wage ? so self manage funds , expect to pay $ 1578 a year on fees for your retirement, if i'm 20 years old, and by the time i'm 70, i would have paid $78,900 in fees !!!
1) Government fees For all SMSFs: (About $313 a year)
$259 yearly SMSF levy charged by the ATO.
Plus, for SMSFs that use a company trustee:
$495 ASIC fee (once-off to register a company)$54 yearly company fee. 2) SMSF audit ($ 275 a year) Starting at $275 per year for standard audits for Selfmade members:
It’s a government requirement for SMSFs to get an independent auditOnline platform facilitates a quick, easy and painless audit
3) Ongoing SMSF management (about $990 a year)
Rest easy knowing we’ve got everything covered to help you stay compliant and easily manage your SMSF.
$82.50 / month
Everything you need to run your SMSF Help with all annual tax, administration and compliance for your SMSF Easy tech-enabled signing with DocuSign
24/7 access to your SMSF dashboard and documents online Use of Selfmade's SMSF audit service partners Selfmade support, when you need it
$82.50 billed monthly (inc GST, excluding any Govt fees)
