How much do accountants charge for SMSF
When creating an SMSF, it’s important to understand both setup and ongoing costs. Initial costs are generally higher, but once the fund is established, the annual SMSF accounting fees become more predictable.
The essential costs of owning an SMSF include:
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Accounting fees
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Annual audit fees
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ATO SMSF supervisory levy
Essential SMSF Accounting Services
To remain compliant, every SMSF requires the following services, which are typically covered within the SMSF accounting fee:
Preparation of Financial Statements
This includes balance sheets, operating statements, and member balances.
SMSF Tax Return
Preparation and lodgement of your SMSF tax return with the Australian Taxation Office.
Organisation of Independent Audit
SMSFs must be audited annually by an independent, approved auditor.
Ongoing SMSF Accounting Fees
The SMSF accounting fee can vary depending on the size and complexity of your fund.
At City Tax Accountants, our pricing is clear and transparent:
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Basic SMSF accounting fee: $1,300 + GST per year
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SMSF accounting fee for more complex funds: $1,600 + GST per year
Both options include accounting, audit, and software.
You will also need to budget for the ATO SMSF supervisory levy, which is currently $259 per year.
SMSF Setup Costs
If you’re establishing a new SMSF, the typical setup costs include:
Accounting & Setup Support – $739
Covers creation of all SMSF records, setup documentation, investment strategy, rollovers, ABN and TFN applications, and full accounting support during setup.
ASIC Fee – $611
A fixed government fee charged for setting up a special-purpose corporate trustee.
SMSF Deed – $400
A legally compliant deed prepared in line with the Superannuation Industry (Supervision) Act 1993.
Class Super Fee – $250
An annual fee for the Class Super platform, enabling compliance, bank feeds, reporting, and audit file generation.
Total SMSF setup cost: $2,000 + GST
SMSF Audit Costs
Every SMSF must be audited annually by an independent auditor. Stand-alone audit fees are typically $385 + GST.
When your fund is managed by SMSF Australia, we arrange the audit through our panel of independent auditors, and the cost is included in your SMSF accounting fee—no additional coordination required.
Speak to SMSF Specialists
If you’d like to learn more about our SMSF accounting services or get clarity on your SMSF accounting fee, our team is here to help.
Call us on 02 9023 9977
Or get in touch online to book a consultation