Basic Services

All providers offer the same basic services:

  • Fund set up;
  • Year end accounting and audit; and
  • Most integrate the fund's bank account with their back end system.

But the key to successful management of an SMSF is in managing tax liabilities, investments, and day to day compliance: its too late to fix a problem after year-end. These features are only available from a very few providers who use modern technology platforms. Yet they can save Trustees $000's in tax and improve earnings.

Most Providers Do Not Offer Four Essential Services:

  1. Online integration with external investment services (cash account, share brokers, and managed funds);
  2. Real time tax reporting;
  3. Built in compliance and alerts; and
  4. Mobile access.

These Modern Features are Essential to:

  • Providing fast, efficient and fully integrated investment transacting, and management;
  • Protecting Trustees from unintended breaches of regulations by providing instant reversaling where a breach arises;
  • Enable real time tax optimisation; and
  • Enable access anywhere, anytime, via a mobile app.

Our review of providers identifies who offers the above four features.

Summary Comparison - Wealthtrac vs All Other Providers

NameSetup ($)Administration ($ p.a.)
Wealthtrac Individual - 550
Corporate - 1,100
1,680
Average of other providers Individual - 736
Corporate - 1,214
3,266
NameOffer the 4 essential services?Setup Fee ($)Annual Admin Fee ($)
Catalyst Online investment reporting Individual - 825
Corporate - 1,375
3,300
Cavendish No  Individual - 695
Corporate - 870
2,376 
Dixon Advisory No  Individual - 990
Corporate - 990
1% of assets up to max of 4,990
Fiducian No  Individual - 650
Corporate - 1,250
2,640 
Hefron No  Individual - 715
Corporate - 1,250
3,080 
Premier Super No  Individual - 990
Corporate - 1,320
3,740 
Super Concepts No  Individual - 485
Corporate - 800
3,630 
Supafund No  Individual - 660
Corporate - 1,650
3,410
Super Vision No  Individual - 550
Corporate - 1,650
3,300 
SuperIQ No real time tax Individual - 550
Corporate - 990
2,200 
Wealthtrac Yes  Individual - 550
Corporate - 1,100
1,680

Notes

  • Where a provider charges more for a pension than accumulation, then the higher fee is quoted as some providers do not charge extra for a pension.
  • Although we have verified the data in the table, we take no responsibility for its accuracy, it is intended as a general comparison and should not be relied upon.

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