A list of sites and tools related to superannuation
SMSF
www.thesmsfreview.com.au
- a free online resource centre for SMSF trustees
- has a list of SMSF service providers
Comparison
www.selectingsuper.com.au
www.canstar.com.au
www.chantwest.com.au
www.morningstar.com.au
www.superratings.com.au
www.ratecity.com.au/superannuation
Asic Moneysmart.gov.au
Asfa superannuation.asn.au
Centrelink humanservices.gov.au
Superratings.com.au
Chantwest.com
Tax office ato.gov.au
Superguide.com.au
HendersonMaxwell.com.au
Mylongevity.com.au
ING Direct
Shares, ETFs, LICs
https://www.ingdirect.com.au/superannuation/tips-hints-guides/shares-etfs-lics.html
SMSF
www.thesmsfreview.com.au
- a free online resource centre for SMSF trustees
- has a list of SMSF service providers
Comparison
www.selectingsuper.com.au
www.canstar.com.au
www.chantwest.com.au
www.morningstar.com.au
www.superratings.com.au
www.ratecity.com.au/superannuation
Asic Moneysmart.gov.au
Asfa superannuation.asn.au
Centrelink humanservices.gov.au
Superratings.com.au
Chantwest.com
Tax office ato.gov.au
Superguide.com.au
HendersonMaxwell.com.au
Mylongevity.com.au
ING Direct
Shares, ETFs, LICs
https://www.ingdirect.com.au/superannuation/tips-hints-guides/shares-etfs-lics.html
UniSuper
Defined benefit fees already in formula
Accumulation Annual fees $209/pa
Catholic Super
Fees: $1.50 / week
OSF Super
Claim Lost Super
www.superguru.com.au go to Basics of Super dropdown and find lost super
From OzBargain on 12 Jan 2013 http://www.ozbargain.com.au/node/90631 :
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Insurance Comparison in superannuation.
Note: There is no guarantee of these figures. Please ignore and don't use these figures. They are only for personal note.
From OzBargain on 12 Jan 2013 http://www.ozbargain.com.au/node/90631 :
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So how did the 'cheap' three SMSF services compare to each other?
Basic Fees and Features:
| Company | Setup | First Year | Ongoing (PA) | ACCOUNTS | ASX | Funds | Cash | Foreign Shares | Property |
|---|---|---|---|---|---|---|---|---|---|
| Online SuperFund | $0 | $0 | $670 | ANY | ANY | ANY | ANY | N | N |
| eSuperFund | $0 | $0 | $699 | ANZ | CBA | ANY | ANY | Y | Y |
| Superannuation Warehouse | $0 | $0 | $708 | ANY | ANY | ANY | ANY | Y | Y |
eSuperFund prefers clients use ANZ V2 transaction and CommSec (or 'eBrokering') traing accounts. The other two do not have this restriction.
Online SuperFunds only allows the basic type of investing stratergies. International Shares, CFDS, Metals, Property etc are not offered.
Note that they are quite honest and open about it though, see the last paragraph on this page.
… Other than that, there really isn't too much between them, with Online SuperFund being slightly cheaper, but with a few less investment options.
Online SuperFunds only allows the basic type of investing stratergies. International Shares, CFDS, Metals, Property etc are not offered.
Note that they are quite honest and open about it though, see the last paragraph on this page.
… Other than that, there really isn't too much between them, with Online SuperFund being slightly cheaper, but with a few less investment options.
Additional Fees:
| Company | Corporate Trustee Incorpration Setup Fee | ATO Supervisory Levy | ASIC fee for Corproate SMSF Trustee (pa) |
|---|---|---|---|
| Online SuperFund | $500 | $191 | $43 |
| eSuperFund | N/A | $200 | N/A |
| Superannuation Warehouse | $950 | $200 | $41 |
Depending one what your needs are, a Corproate Trustee SMSF may be suitable.
Specifically it allows for there to only be one person in the SMSF (Individual Trustee SMSF require atleast two!), as well as providing additional/cheaper investment options if you wanted (There is no reason for this, but apparently banks look favorably on this type of SMSF when it comes to issuing investment loans etc).
From the table above, Online Superfund was clearly cheaper for people setting up a Corporate Trustee SMSF.
Specifically it allows for there to only be one person in the SMSF (Individual Trustee SMSF require atleast two!), as well as providing additional/cheaper investment options if you wanted (There is no reason for this, but apparently banks look favorably on this type of SMSF when it comes to issuing investment loans etc).
From the table above, Online Superfund was clearly cheaper for people setting up a Corporate Trustee SMSF.
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Insurance Comparison in superannuation.
Note: There is no guarantee of these figures. Please ignore and don't use these figures. They are only for personal note.
| AustSuper | post 30 May 2015 | OSF | OSF 2014-12 | ING | |||
| Income Protection | |||||||
| cover/mth | $ 8,000.00 | $ 8,000.00 | $ 6,370.00 | $ 6,556.64 | $ 8,000.00 | ||
| weekly Premium | $ 3.74 | $ 6.46 | $ 8.87 | $ 11.39 | $ 9.51 | ||
| monthly Premium | $ 16.21 | $ 27.99 | $ 38.45 | $ 49.34 | $ 41.21 | ||
| Benefit Time | 2yrs | 2yrs | up to 65 years | up to 65 years | up to 67 years | ||
| TPD | |||||||
| Cover | $ 600,000.00 | $ 600,000.00 | $ 415,832.00 | $ 415,832.00 | $ 1,000,000.00 | ||
| weekly Premium | $ 5.40 | $ 8.28 | $ 6.13 | $ 4.52 | $ 12.62 | ||
| monthly Premium | $ 23.40 | $ 35.88 | $ 26.55 | $ 19.60 | $ 54.68 | ||
| Mth Premium / $1m | $ 39.00 | $ 59.80 | $ 63.85 | $ 47.13 | $ 54.68 | ||
| Death Cover | |||||||
| Cover | $ 600,000.00 | $ 600,000.00 | $ 415,832.00 | $ 415,832.00 | $ 1,000,000.00 | ||
| weekly Premium | $ 5.22 | $ 6.60 | $ 4.47 | $ 4.52 | $ 17.15 | ||
| monthly Premium | $ 22.62 | $ 28.60 | $ 19.35 | $ 19.60 | $ 74.32 | ||
| Mth Premium / $1m | $ 37.70 | $ 47.67 | $ 46.53 | $ 47.13 | $ 74.32 | ||
Nice and informative post.
ReplyDeleteThanks for sharing.
SMSF Accountants Australia