Esuperfund has launched a new self-managed superannuation fund (SMSF) offering that enables its clients to administer their own SMSF at a fraction of the traditional cost.
The new offering's total annual fee is $599, which is a fixed fee and includes all annual reporting obligations, including the fund's financial statements, audit and tax return.
Esuperfund has been able to offer its new SMSF at the reduced fee by ensuring all its clients use CommSec as the executing broker for the fund and Macquarie as the fund's bank account.
This allows Esuperfund to receive all its clients' trading and bank data electronically at source, alleviating its clients of this onerous responsibility.
Esuperfund entered the SMSF space in 2000 and has rapidly become one of the dominant players in that market, currently administering client funds exceeding $1 billion.
