Squirrel SMSF Costs and Services

Here’s a breakdown of the costs of a Squirrel SMSF and the service you will receive from our SMSF team

Squirrel SMSF Costs and Services | Squirrel Super

What are the costs of a Squirrel SMSF?

Here at Squirrel, we believe in ultimate transparency. That’s why our SMSF costs are broken down into only two fees - a setup fee and a monthly administration fee. These fees are flat rate, meaning they are not related to the value of your super fund. They are also all-inclusive, so you won’t be surprised by a hidden fee or extra cost that you didn’t expect. Note, there may be some unusual things you want or need to do down the track, that do incur a cost, and we will let you know at the time, before proceeding (like a wind-up cost!).

Squirrel SMSF costs

Squirrel SMSF Costs and Services | Squirrel Super

The Setup Fee

When you sign up for a Squirrel SMSF, you will currently be charged a one-time setup fee of $3,330 (inc. GST). This fee covers the process of setting up your self-managed super fund, and also includes unlimited customer service to our SMSF team. 50% (currently $1,650 inc. GST) of the one-time fee is payable upfront, and the balance can be deducted from your SMSF bank account, within a reasonable time, once the SMSF has been established and has available funds.

Squirrel SMSF Costs and Services | Squirrel Super

The Admin Fee

Our current monthly admin fee of $140 (inc. GST) covers the administration of your self-managed super fund and is deducted from your SMSF cash account. This flat-rate fee doesn’t increase with your super balance, and doesn’t change based on your investment type, so you can focus on your retirement strategy and not on fees.

Squirrel SMSF Costs and Services | Squirrel Super

The ATO Fee

The final cost that will be deducted from your SMSF is decided by and charged by the ATO. This is currently a $259 supervisory levy that the ATO charges when we lodge your SMSF tax return. It’s important to note that this fee is entirely decided and received by the ATO, not by Squirrel.

What Services are Included in our Setup and Admin Fees?

  • Establishment and registration of SMSF Trust
  • Establishment and registration of Special Purpose Corporate Trustee Company
  • Establishment of SMSF governing rules
  • Registration of investment strategy
  • Submission of “Election to be regulated” Compliance statement
  • Establishment of accounts with service providers
  • Set up of Bare Trust and Bare trustee when required for the purchase of property
  • Registration with Australian Tax Office
  • Rollover of other superannuation funds into SMSF
  • Annual compliance, administration and accounting of SMSF
  • Annual return of Special Purpose Company
  • 24/7 access to Squirrel online SMSF management portal
  • Business hours access to Squirrel technical experts
  • Fixed fee for 1 – 6 members and any number / value of assets