The SMSF Association suggested that about 90 per cent of SMSF trustees have an accountant to do their tax returns and administration. Costs generally should be between about $2000 and $3500 a year, including the audit. If you’re paying more for your tax, you’re probably paying too much. Financial advice will be additional and in the vicinity of between 1 and 2 per cent of funds under advice.
Why We Recommend Self-Managed Super Funds for the Right Clients
Self-managed super funds can be a very effective structure for the right client. The main attraction is control. Rather than having decisions, which include investment…