Online Tools - Superannuation

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

UniSuper

Fees: http://www.unisuper.com.au/members/super-options/defined-benefit-division/fees-and-costs

Defined benefit fees already in formula

Accumulation Annual fees $209/pa

Catholic Super

http://csf.com.au/fees-charges

Fees: $1.50 / week

OSF Super

http://www.osfsuper.com.au/osf/pds.asp

http://www.osfsuper.com.au/osf/pdf/RG_Fees.pdf

Claim Lost Super

www.ato.gov.au/superseeker

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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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.

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.

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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

DIY Super - SMSF

Do it Yourself Super - a collection of tips on DIY Super. This type of superannuation is often called a Self Managed Super Fund (SMSF)

Buying a Business Property for your Business via a Superannuation Fund
- this needs to be consistent with the goal of the super fund which is to build up savings for retirement.
-  The SMSF receive rent for the business property but taxed at a lower rate of 15% during accumulation phase, and nothing during pension phase.
- When sold, Capit
al Gains Tax is 10% during accumulation phase, and nothing during pension phase. 



Risks for SMSF 
Although SMSF enables the holders to have greater control and choice, there are very strict regulations with quite severe penalties. Here are a few things to note:
- Withdrawal of any part of the fund before the retirement age, currently 55 (please check), will make the fund Non-Compliant. This has sever penalties from the Australian Tax Office. 
- One penalty of non-compliance is the SMSF is taxed at maximum rate, currently 47%
- Any or all of the trustees can be sued for non-compliance.
- Running your own SMSF comes with many risks.
- Ensure all trustees are signatories for withdrawal, to safeguard SMSF being withdrawn by any trustee without knowledge of others. 


SMSF Services
Outsourcing running of SMSF to Bendigo's bank New admin service Super Astute.
It is supposed to comply with ATO's requirements
www.superastute.com.au

http://www.xpresssuper.com.au/
Set up SMSF for  free and for the first year the standard annual fee of 799 waived. Assist comply with smsf rules and lodge docs. Restrict to use cba account and comsec. Life and disability insurance by AIA Australia

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This information has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances.