Recent content by SMSFguy

8Yworry457 I would confirm the same thing with regards to the inflating in accounting firms. I just left a CA firm in February and you wouldn't believe some of the fees we were charging. For example we would do about 6 hours of work, it would sit with the Partner for review - they then gauge...

Hi GStar86 We do SMSF setup from time to time and find the same issue. If you got your accountant to set it up they call through using the Tax-Agent Portal line and they can escalate the issue. But what you will find is if you are @ 3 weeks, it will sort itself out shortly as the ATO have a...

My personal view is you need to get your wealth in a more tax-effective environment pre-retirement. Super is the only tax-effective vehicle available to us (short of going ex-pat). But at the same time its like the current government are setting up IEDs on the road - one mistake and its going...

http://www.smsfessentials.com.au/news/2013/independent-mortgage-plan-craig-morgan-smsf-fraud Another article popped up in my email box this morning, which might give you an idea what SMSF trustees are facing at the moment; beware of predatory behaviour.

Hi Centaur, I was just having a bit of rant. But to flesh it out, I just think we are getting over regulated on the (Investment) financial services side of things (I'm not an investment advisor, I'm in the compliance side on SMSF so I get mauled by the same regulation; I have to watchout...

You are right about % based fees. Asset based fees for financial services are banned, I personally wish this was enforced on say other sectors like Mortgage trails and Real Estate Agent commissions. If you had say only term deposits and portfolio of shares it should cost sub <$1K. So you...

If you are just starting off then the e-super fund chaps are pretty good. They have them free set ups etc. Like most members that use them its using their preferred brokering and bank accountants. If you are chasing something more out of the box you could visit your Accountant. But be...

I've seen some large super funds $1M - $3M+, husband and wife but no kids! in there 60's+ and its actually kind of sad. It's like they have been saving for a rainy day that will never come. But it's true $25K is terribly low, but will likely get back up to $50K when the mad-monk becomes PM...

(Maiden post, I've come from the whirlpool/somersoft forum and there was another chap complaining about the same thing). Yeah my professional opinion is $3k seems pretty excessive for a $200K. I'm a SMSF Accountant so I know the tricks of the trade. The accountant is not using a "blended"...