What Costs Are Associated With Having A SMSF
One of the benefits of a self-managed super fund may be lower costs than you might be charged in a retail, industry or corporate superannuation fund, which could mean more money for you at retirement.
There are several costs to be aware of in the set-up and, more importantly over the long-term, the ongoing management of your SMSF.
The main costs of an SMSF relate to:
- Set-up costs: these are one-off set-up costs for registering your fund, preparing your fund’s trust deed, establishing a company if you elect the corporate trustee structure and any other professional services you use to start your self-managed super fund.
- Ongoing administration costs: these are the recurring costs associated with running your fund such as fund administration, compliance and audit costs.
- Portfolio costs: these include investment charges and professional advice fees.
Contact us for an estimate of the costs associated with setting up and running your own SMSF.
