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Esuperfund SMSF brokers

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I've just signed up to esuperfund and am looking into setting up an IB account.

Can we have a margin account with IB or are we restricted to only a cash account for SMSF?
 
Hi, eSuperfund are not helpful with setting up the IB account and IB think I need to set eSuperfund as my advisor.

I assume so they get the EOFY statements.

Anyone know if this is correct please?
 
Hi Guys,
First time posting here! Been reading this thread for useful info on eSuperfund.

Finally decide to apply for an account with them. For those interested, there is a current offer of free setup and free first and second year fee until 31Aug.
 

12 months since i left esuperfund, and guess what, from what i know about a month later they started letting clients use IB again mind you there are now and have been ongoing issues with IB and leverage products, futures are not affected but they did suddenly increase the data fee for the Spi from being free to $65 a month

But just to update, since my switch, which itself is pretty straight forward, i have had no problems with the new admin, so there are alternatives out there who charge not much more, cost me only $140 more for the year, but have maybe saved that or a bit more by being able to use whomever i want for trading/investing/high interest savings account, as i thought though, you really need to keep on top of the paperwork, but its not too bad, i keep everything in google drive and update a spreadsheet, download/scan all tax documents, so when the time came, submitting everything was easy

Would have stayed with esuperfund if they had let me use IB, as never had a problem with them, but no regrets with the switch either.

Cheers

Pager
 
Can someone send me a link of opening Interactive brokers account through Esuperfund. I can't seem to find link for that.

Thanks
 
Just been wondering what the interest rate is for my ANZ V2 Plus cash account is but having trouble finding what it is.

Having a look for that interest rate on the eSuperfund site, I noticed that the Preferred Transaction Bank Account for ESUPERFUND Clients is now the Commonwealth Bank Accelerator Account.

There is no info about the ANZ V2 account on the eSuperfund site anymore.

Anyone know why it was changed?
 

I noticed this as well Sir Burr. I think they must be getting the direct feeds that they need to automate their year end processes with CBA. Given their preferred broking arrangement is with Commsec, it probably makes sense that they consolidate the main hub bank account with the same organisation. They definitely earn money by funnelling you to a specific provider and probably CBA's deal was better for them than ANZ.
 
Thanks Coolcup, I was just curious if there might be a benefit (for me) changing to CBA from ANZ as they mention how to do it.

Your probably right it makes things easier for eSuperfund.

Also, I just found on my statement ANZ interest rate is 1.50% and on the eSuperfund site has CBA interest at 0.65%. Good reason to stay put!
 
CanOz said:
Thanks Sirr!!
Click to expand...

No worries it's what I see under my IB super account details that I setup through eSuper.

I joined IB about a year ago when eSuper had a link for setting up IB. I just checked and now there is nothing on their site. It was under international share trading but I'm not using IB for that.

Wondering if I'll have to provide a statement from IB next year as I now see "you will need to source and provide this data to ESUPERFUND annually".

If that's the case, IB has it all and is easy to retrieve.
 
Does any ESF customers understand what is the current situation with GST?

I just got my annual reports and while checking them found a GST return. The figures for the GST refund didnt immediately correlate and I think I mucked up the reporting of my outflows, so I started digging around. As it turns out,
- my SMSF has always been registered for GST since the beginning, about 8 years.
- ESF has never included a GST return (BAS) in their annual documents.
- the ESF annual fee has always been previously reported in the profit and loss as a GST inclusive amount, ie like $799
- this year the P&L shows the admin fee of $827, I *think* they have incorrectly added another expense to that item AND it is exclusive of GST this time (if my sums are correct).

I have written to ESF already to ask but they havent responded yet, its not normal for them to take more than one day to replay. I dont imagine there is any conspiracy here but it is confusing. They will no doubt reply that it was explained in an email 11 months ago

The following information no longer appears on their website, so based on what I see, they have changed policy.
 
I just looked at my historical fees and I have never been charged more than the usual $699 or $799 a year fee.
 
ESF have responded, but didnt explain why it different in previous years, i guess they kept the GST as per the earlier comments , they only explained what is happening today,
So for 06/2016 they are doing the GST return, and giving us the refund. The annual fee of $799 will show as $744 on the P & L. Note that an SMSF only gets 75% of GST credited back

I didnt get charged $827 by ESF, they added another expense on that line, and because i didnt know about the 75% I couldnt work it out myself
 
Is Interactive broker still available?
I'm considering taking up their current promo.
 
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