DIY SUPERFUND ADMINISTRATION
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DIY Super Fund

Our SMSF Admin Solutions provide high-value SMSF administration at a discount.. Whether you are an Accountant/Financial Adviser managing significant number of SMSF clients, you will find our solution to be a perfect fit.

We leverage on our superior knowledge and understanding of SMSF as well use of technology to bring to you an efficient and hassle free way to manage your SMSF.

We have been in this space since 1988 (31 years) and now you can benefit even more by letting us do your SMSF administration work while you focus on finer things in life!

Simple To Understand Fees

We do not charge anything extra - our fee is simple to understand as there are no hidden extras. Our fee is fixed this means that your SMSF and investments will not be affected.



Paperless




All our procedures of collecting data for your SMSF is via datafeeds from banks, brokers and platforms. This helps us to keep our fees law by faster and cost effective admin services.



No Investment Restrictions



We do not tell you where you should invest in super - which bank to use and where to borrow and which property to purchase. We do not receive any commissions or pay back from anyone. However if we can help you to save and get value for money - we guide you



About Us

Ensuring the highest level of customer satisfaction

We are a Sydney based two partner firm which offers and delivers innovative business solutions. Through access to our firm's online portal and technical SMSF services, SMSF administrators, accountants and trustees are able to meet their SMSF administration and reporting requirements. We ensure you get most up to date real time access to your SMSF data in order to make timely decisions as well fulfilling compliance and reporting requirements.

We employ a successful team of CPA's and CA's who are SMSF Specialists especially trained to value the needs and preferences of each customer. Clients’ satisfaction is of the highest priority. This is the goal that we pursue. Just try our services once and we guarantee that you will satisfied with our expertise.

Delivering solutions that drive business results

We have a team of SMSF Specialists led by two partners with combined experience in SMSF space of over 100 years. We are technology driven and are capable to handle SMSF administration and advice for several thousand SMSF in one year. We have created a cross-border business model by pursuing innovative online solutions to help Australian SMSF administrators, accountants and Trustees.

Engage Us

It is very easy to engage us, simply register with us online and get started.

learn more

Pricing Plan

New Self Managed Super Fund Set up Price (Incl. GST)

New SMSF Setup
SMSF Trust Deed Free
Set up Corporate Trustee Free
Australian Securities & Investment Commission Fee (This is Government Fee to set up your Corporate Trustee) $611
Printing and Courier of Documents   $110

Setup Includes

  • Set up of Corporate Trustee & SMSF Trust Deed
  • Electronic Service (ESA) and assistance in Rollover
  • Preparing Minutes and Resolutions to Setup SMSF, Trustee Declarations etc.
  • Application for ABN,TFN and for SMSF Election to be a Regulated Fund
  • Assistance in drawing up an Investment Strategy & Bank Account of the Fund
  • Obtaining Complying status of the fund & Guidance on Death Benifit Nomination
1st Year Administration Fees

1st year Administration Fees $110 (Incl. GST) Per Month

(pro-rata for the number of remaining months to June - To be paid in advance)

Annual Fee (Incl. GST) figure is based on Fund Created today

Fund Administration Includes

  • ASIC Compliance - Annual review reminders and all corporate Actions
  • SMSF Accounting - Preaparations of Operating Statement of Financial
  • Position & Member Statement, Investment reports
  • Preparation & Lodgment of Annual Income Tax Return of the SMSF
  • Accounting Software License Fees
  • Unlimited Queries Via our Portal
  • Changing Structure of the Fund - Adding or Deleting Members

Not Included: Acturial Certificate, Pension Commencement, Transfer Balance Account Reports, Fund Wind Up, Auditor Contravention Report, Bare Trust Deed

 $110
1st Year Audit Fees $330
Total Fees Paid for Set up Today $1161

Engage us

It is very easy to engage us, simply register with us online and get started.

learn more

Benefits

Real Time Access

Our systems provide you real time access to the information as well as keeping you up to date on the critical financial and reporting information about your SMSF

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SMSF Support

Leveraging on our experienced and knowledgeable team of tax advisers, you can rely on our expert support team with your most pressing queries. We are there to help you at every step of the way. We develop strategies so that your SMSF is more effective.

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Trusted Advisers

Our advisers are one of the most experienced in the SMSF space with over 25 years of relevant experience.

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Superior Documentation

You will have access to admin documents including Actuarial Certificates, Commencement of Pension documents etc for No additional

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Prepare SMSF Accounts and Income Tax Returns

This is the only thing we do - hence have to do it well.

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Provide SMSF Strategic Advice

We are a specialist SMSF admin firm and the principles hold a Limited AFSL license in SMSF

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Set Up SMSF

Over the last 14 years, we have set up over a large number of SMSF's. Perhaps over 10% of funds in Australia use our deed including those funds who have updated their funds deed to ours

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Takeover Previous Years work

Many a times, you are busy with your accounting work or if you are a financial planner, this is not your business,. We are here to assist in completing all prior years outstanding returns.

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FAQ

An SMSF is your personal superannuation fund, regulated by the ATO.

Trustees are responsible for ensuring that the superannuation fund is properly managed and that it complies with the Superannuation Industry (Supervision) Act 1993 (Cth) (SISA) and the other legal obligations. An SMSF is controlled by the Trustees as they make all investment decisions for the SMSF. Trustees hold funds for the benefit of the members or their dependents.

A Superannuation fund is an SMSF if it has four or less members, among other conditions as outlined in s17A of the Superannuation Industry (Supervision) Act 1993 (Cth) (SISA). Members own the SMSF. Members’ interest in the SMSF is proportionate to the balance they maintain in the fund. SMSFs can have up to four members. All members must be trustees (or directors, if there is a corporate trustee) and are responsible for decisions made about the fund and compliance with relevant laws.

An SMSF is governed by rules know as the trust deed. The SMSF is established when the trust deed creating it is executed and stamped where necessary by the relevant state of territory revenue authority.

In certain circumstances, a power of attorney will be able to act as an individual trustee or a director of a Corporate trustee however, it has to meet the requirements of s17A(3)(b)(ii) of SISA. If you intend to do it, we suggest you take legal advice on the matter.

The advantages of an SMSF include:

  • as trustees of the fund, it gives members greater control over the investment decisions;
  • as trustees of the fund, members have greater input in decisions regarding the withdrawal of
  • benefits, including whether a lump sum or pension can be paid;
  • an SMSF can acquire business real property from a related party of the fund (link);
  • there are estate planning advantages associated with an SMSF, including the ability to make
  • indefinite binding nominations; and
  • there is more flexibility in dealing with taxation liabilities between members.

Broadly there are three steps involved in establishing an SMSF:

Step 1: Appointment of trustees
Step 2: Prepare a trust deed
Step 3: Election to be regulated and obtain a tax file number and ABN for SMSF

You can start the process here

SMSFs are regulated by the ATO. It is important to notify the ATO of an election to be a regulated superannuation fund within 60 days after setting up your fund. Discount SMSF Admin provides the service as part of your SMSF set up free of charge.

In SMSF, trustees are in full control of all the investment decisions of the SMSF. However, trustees must not take money out of their SMSF earlier than legally permitted as it is meant for retirement. Using an SMSF to gain improper early access to superannuation is illegal and significant penalties may apply to both the fund and the recipient of the early release if a benefit is unlawfully released.

SMSF sector is growing. As per latest statistics available on the ATO website, there are over half a million SMSFs, representing more than a million members. It estimates the value of assets held within SMSFs is more than $700 billion.

You could find more details about SMSFs on ATO website – www.ato.gov.au/super

It is very easy to establish a new SMSF on our website. Please go to the link www.discountsmsfadmin.com.au/newsmsf to start the process.

There is a quick and easy way to transition your existing superfund to our platform. Please go to the link www.discountsmsfadmin.com.au/existingsmsf to start the process.

Superannuation law prescribes that a trustee must hold assets for its members to be a SMSF. A trust is an arrangement where a person or company (the trustee) holds assets (trust property) in trust for the benefit of others (the beneficiaries). A super fund is a special type of trust, set up and maintained for the sole purpose of providing retirement benefits to its members (the beneficiaries).

To create a trust, you need:

  • trustees
  • assets (an initial nominal consideration to give legal effect to the trust can be used – for example, $10 attached to the trust deed)
  • identifiable beneficiaries - members of the fund
  • the intention to create a trust - a super fund.

A trust deed is a legal document that sets out the rules for establishing and operating your fund. It includes such things as the fund’s objectives, who can be a member and whether benefits can be paid as a lump sum or income stream. The trust deed and super laws together form the fund’s governing rules.

The trust deed must be:

  • prepared by a law firm (Ours is prepared the law firm Batallion Legal – it's a legal document)
  • signed and dated by all trustees
  • properly executed according to state or territory laws
  • regularly reviewed, and updated as and when necessary – We offer free update of your trust deed in all our packages. Click here to know more

Once you fill in our application for a new SMSF, our system prepares all the documentation required to correctly set up your new SMSF. You will receive an email from us providing your account details as well as all the documents for the SMSF. Below is the list of documents you receive in our package:

  • SMSF trust deed
  • Certificate of Incorporation (in case of corporate trustee)
  • Trustee Company Constitution (in case of corporate trustee)
  • Minutes and resolutions
  • Product Disclosure Statement
  • Trustee Declarations
  • Investment Strategy Template
  • Tax File Number and Australian Business Number for the SMSF
  • Application to open a bank account

We provide a generic investment strategy template as part of the documentation. Please go through it and if you find it suitable to your investment objectives, you can adopt it as it is or else you can make amendments to it to align it to your needs and objectives. Please click here to know more about investment strategy and why it so important for you to have one and to review and update it regularly.

You can order a corporate trustee of your SMSF when you are ordering a new SMSF. The benefits are

  • One form to be filled instead of creating corporate trustee first and then setting up SMSF - saving you time and avoiding typing errors;
  • you will receive a full set of documents for:
    • Corporate Trustee; and
    • SMSF
  • We will register your special purpose corporate trustee with ASIC first and use ACN information to setup your SMSF

Once you fill up our online form and questionnaire, our system will instantly generate the documents for you to review and sign off. If you have any questions or requires, you can contact us and we will be happy to provide further clarifications. After you sign and return the documents to us, it takes about one week for us to set up your SMSF. Please click here to know more about our turnaround time.

Yes. It is required for you to provide 100 points identification documents. Please click here to know more about the list of acceptable documents and procedure on by whom and how these documents can be certified. These are required for opening bank account for the SMSF.

We will send a complete set of documents including Rollover documentation which will be completed for you. Please sign the Rollover documentation and provide supporting documentation evidencing the existence of your SMSF. Once Rollover documentation is signed and collated the required supporting documentation, please forward it to your existing Superfund for further processing. The Rollover Process times varies for each provider and make take up to a month to complete. Once the Rollover proceeds are deposited into your SMSF Transaction Bank Account you are ready to invest the monies.

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  • Suite 10, 11 Ada Street Harris Park NSW - 2150+61 2 7813 7777

Contact Information

Address:

DIY Superfund Pty Ltd.
Suite 10, 11 Ada Street Harris Park NSW - 2150

Phones:
Telephone:
02 7813 7777
E-mail:

sales@diysuperfund.com.au

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