Any one using a SMSF Administrator who does not charge extra
for more than 15 transactions and is reasonable priced
Have changed to Esuperfunds but you can only use Etrade and Commsec
to trade, since IB Brokers have hit the market
would like to use them as my preferred broker,
need a few more ESuperfund clients to push the issue with
them to allow IB brokers which would be better as a one stop shop
lets hope it hits the right spot have sent my email and have rang them
cheers
cfd,
~~
The only drawback for me is that they only do Comsec and IGmarket clients and I dont want to trade there.
~~
So one of the questions I'm asking, is how much do they charge for administration etc. if you trade elsewhere, which anyone with an SMSF is entitled to do?
Ok ESuperfund have got back to me on the GST issue and have satisfied my issues with it. They basically do provide a statement at the end of the year showing GST transactions & refunds which are banked by ESuper who provide an invoice for charges relating to GST returns prepared equal to the value of the GST refunds (unless they exceed the $299 per qtr)
They are quite happy to let you do your own GST return if you wish and seem very approachable in regards to assisting on an individual basis with any issues you may have.
Also mentioned re using IB brokers and they have indicated that if there is a call for it they would talk to them to see if they can come up with an agreeable arangement. Part of keeping the fees low with Esuper is that they can get live data feeds from the broker & bank to cut down on the work involvled. They also make some money out of the brokerage fees, with IB being so cheap there maybe no room for ESuper to make money out of it.
For me the cheap compliance costs of using ESuperfund of $599 per year more than outweighs any disadvantages of being tied to either ETrade or Comsec.
cheers
Sharon
At the end of it whatever ESuper get back in GST (which I wouldn't of claimed as I wouldn't of registered for gst) this will end up being a cost to my smsf as effectively that amount has been paid to ESuper for preparation of BAS. Whether this is all legitimate and can be done this way I'm not sure and will try and find out.
sharon
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?