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David Olsen (Digital Marketing Associate) August 08, 2017 04:12

SMSF unbundling - how much can it save you in 2017?

We’ve written before about the concept of SMSF unbundling but thought it would be useful to revisit and update the numbers in 2017 with a new blog post on SMSF unbundling.

Do you run your own SMSF? Do you use an SMSF platform or have you built your own 'Unbundled" SMSF like the one in the above blog post?

Tell us below in the comments!
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  • I have always run my SMSF through E-Superfund. $799 a year for all tax returns and auditing, setting up pension funds, Binding death, including Corporate trustee set up. They are really the SMSF trust deed/ accountancy/tax rules side of the my SMSF. An issue, though not that onerous with them, is to simplify their accountancy, you MUST use either CBA/ANZ for your daily banking and E Broking (CMC) or Comsec for your share trading. You can use any other financial institution for investments. Any financial / share advice is up to you.
    Since inception I have been a FA follower, I am swinging more to TA, and, due to this, certainly trading more with great returns. I subscribe to a great TA site, as well as an 'investment/trading advice site. I will probably drop my FA site next year.
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  • It doesn't make sense why you would use xero for the GL? If you are really trying to take control of your SMSF, then use Simple Fund 360 trustee edition.
    It takes care of all the accounting & compliance with a lot of automation and alerts.
    Annual fee of $198 per year means you won't be spending $1500 on an accountant either. Brings the cost right down.
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  • Specialised SMSF accounting software makes a big difference. If you have straight-forward SMSF needs then Mclowd provides a free edition for practitioners and trustees.
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