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We offer a quality service. Those trustees who crave for expert knowledge which the staff of UC Services possess, at the same time be charged a reasonable fees which is competitive, in the market place which is transparent will find our services of good value.

We have no desire to be the cheapest in the market place and compromise in our quality of service. At UC Services we do not believe in taking any shortcuts to complete the work

1. DIY Super Fund Trust Deed + Setup - $495 Inc GST delivered anywhere in Australia – the super fund is created and complete setup work is undertaken by us. The price includes for the trust deed to be updated unlimited times for the next 5 years.

2. DIY Super Fund Trust Deed + Setup + 1st Year Annual Administration – $1,650 Inc GST up to 100 Transactions (which includes $495 for setup + $400 for audit + $755 for first year accounts - We charge $1,320 for Annual Administration for up to 100 Transaction, however as a special price for our new clients and for payment upfront we charge our new clients only ).

We request the payment upfront and once the funds are rolled over, the super fund can reimburse you for the expense.

If you already have your own DIY Super Fund, we can assist in annual administration of your DIY Super Fund. We offer a fixed fee service.

Our fee is based on the amount of work which we have to do – we charge according to the time it takes us to complete your work, immaterial of the balance of your super fund. We charge for taking over accounting work:

If your fund is more active and has more transactions, obviously, it will take us longer to complete our work. By using the Transactions method we are merely trying to quantify the work, or in other words, trying to measure or work out the number of hours it will take us to complete the work (what constitutes a Transaction is detailed below) : -

Less than 100 Transactions per year $1,320 Inc GST ($880 Inc GST for accounts and income tax return + $440 for audit)
100 Transactions to 200 Transactions per year $1,650 Inc GST ($1210 Inc GST for accounts and income tax return + $440 for audit)
200 Transactions to 300 Transactions per year $1,980 Inc GST ($1320 Inc GST for accounts and income tax return + $660 for audit)
More than 300 Transactions (see examples below or Phone for Quotation)

We have monitored our work flow and worked out that 100 Transactions take approximately “X” amount of time and the cost to the trustees for these 100 Transactions will be $ $880. The work includes preparation of Accounts / Income tax returns & Member contributions Statements.Our Auditor charge $440 for his audit report.
Total $1320, this fee is irrespective of the balance in your fund, number of investments or number of members.

You will find our fees 50 % less than other accountants. This is because we are a specialist firm of accountants, we have built in-house accounting packages and systems to quickly capture and record each transaction only once. This saves double handling & results in cost savings.

This is our only business; we just have to do it well and you, in turn get a quality service, as our staff handles only DIY Super Funds and are proficient in every aspect of DIY Super Fund's accounting and tax matters

Add $220 per Pension in the fund. Some funds have accumulation and pension account for the same member and assets are not segregated, there will be an additional fee charged based on time taken to do the work.

Your DIY Super Fund may also need an Actuaries Certificate, you can use your actuary or phone or contact us for price for using our actuary.

Funds paying more than one pensions have further complexities; hence fees will be charged on time basis.

Preparing Super Fund accounts, Trustees Individual and Business Income Tax returns.

Junior - Minimum University qualified with less than 3 years exp. - $88 per hour (including GST).

Supervisor - With 3 years + exp. - Semi Qualified - $132 per hour (including GST)

All investment & bank mail goes directly to the Trustees and they provide us the documents (see page Our Services > Annual Admin for full list of documents required by us) with a completed excel spreadsheet at the end of the financial year for us to complete Accounts, Income tax returns and Audit of the Super Fund. We provide a sample spreadsheet to all our new clients.

Once we complete our work, we mail back a bound copy of Accounts, Income Tax return, Audit Certificate & Member Contribution Statements for your records with the Auditors signatures. We also send a copy of the documents for trustee’s signatures. We also request ATO cheque for supervisory levy and our fees. All Super Funds documents are returned by secure mail.

Once all documents are received by us after Trustees signature, the income tax & regulatory return is electronically lodged with the tax office. All cheques are mailed to the tax office after recording. Once compliance letter is received from ATO, it is forwarded to the client with the refund cheque. All assessments are mailed to the client for payment by the due date.

All bank charges in one bank account are considered as only one transaction even though charged once a month.
All interest income in one bank account is considered as only one transaction even though credited once a month.
Fully Franked Dividends from one company are considered as two transactions, one for cash receipt and one for imputation credit.
Dividend Reinvestment plan are considered three transactions, one for the receipt (income), one for imputation credit and one for purchase of new shares. Hence if there are two DRP's from one company, they would be counted as 6 Transactions.
Unfranked dividends are considered as only one transaction even if received more than once in a year.
Distributions from trust are complicated, as property trusts (mostly) distribute Tax Deferred / Tax Free income which change the cost base of the investment. Investment trust distribute capital gains which invariably have to be grossed up and discounted at 1/3rd rate rather than ½ rate as mostly on the annual summary sheet. Due to these complexities and because of timing issues as some payments come (twice or four times a year) in the next financial year, we consider that each trust investment in a DIY Super fund is equal to 7 Transactions.
Each Purchase, Sale or Buy back (capital return - delisting) of shares or unit trust are two transactions, one for the payment / receipt, one to market value at the end of the year or one to work out profit or loss.
Expense paid by the super fund eg life insurance, supervisory levy, income tax etc (each expense is one transaction).
Each Rental income from one property is one transaction.
Expense paid for the property eg council rates, water rates etc (each expense is one transaction).

The above are close to 300 Transactions; hence fees will be charged on time basis

Funds paying Pensions have further complexities; hence fees will be charged on time basis

		Annual Admin
	Set Up	Set Up
Trust Deed	Trust Deed	Trust Deed

	# of Transactions
5 purchases of shares	10
5 Sales	10
5 Dividends	10
2 Bank accounts Interest and bank charges	4

	# of Transactions
10 Shares Purchases	20
5 Trust Investments	35
10 Company Dividends	20
4 Share Purchases	8
Expenses of Fund	3
2 Bank Accounts bank charges and interest income	4

	# of Transactions
40 Share Purchases	80
30 Share Sales / buy backs etc	60
30 FF Company Dividends	60
10 Trusts	70
2 bank accounts	4