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  • » Thinking about setting up Esuperfund + Custodian Vaults for $60,000 PM

#51 2016-12-07 05:14:04

GRETZKY427
Silver Stacker
From: Australia/Canada
Registered: 2014-11-21
Posts: 1,083
Trades :   65 

Re: Thinking about setting up Esuperfund + Custodian Vaults for $60,000 PM

Im early 30s with just under $90k in super in a high growth investments (shares/property/bonds, etc)...but look at setting up a SMSF...

Cheers, HAPPY STACKING :-)

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#52 2016-12-07 09:39:12

SilverDJ
Member
From: Australia
Registered: 2014-11-01
Posts: 2,528

Re: Thinking about setting up Esuperfund + Custodian Vaults for $60,000 PM

GRETZKY427 wrote:

Im early 30s with just under $90k in super in a high growth investments (shares/property/bonds, etc)...but look at setting up a SMSF...

www.esuperfund.com.au
A few clicks and you get a mass of pre-filled forms to sign in the mail, then several weeks later you have a SMSF GST registered company with ABN, a bank account, a share trading account, and a metal trading account.
Then fill out the usual super transfer forms and the $90k magically appears in your account.
Fees:
$800 + $259 a year. For a $90k fund that is about 1.2% a year or so in fees.
Auditing and tax return is an automated online process taking 10's of minutes a year for basic stuff.

Do it now before they change the rules and make it much harder for Joe Average to have their own SMSF.

Last edited by SilverDJ (2016-12-07 09:40:11)

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#53 2016-12-12 19:02:18

vasyav
New Member
Registered: 2016-12-12
Posts: 1
Trades :   

Re: Thinking about setting up Esuperfund + Custodian Vaults for $60,000 PM

Dear all,

I'm going to setup the SMSF as well.

Just one question, if I will choose corporate trustee with esuperfund, will it affect my ability to store gold bullion at home?

Thank you!

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#54 2016-12-12 22:17:42

SilverDJ
Member
From: Australia
Registered: 2014-11-01
Posts: 2,528

Re: Thinking about setting up Esuperfund + Custodian Vaults for $60,000 PM

vasyav wrote:

Dear all,
Just one question, if I will choose corporate trustee with esuperfund, will it affect my ability to store gold bullion at home?

I don't believe so, but can't find a reference to verify that.

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#55 2016-12-13 03:05:01

GRETZKY427
Silver Stacker
From: Australia/Canada
Registered: 2014-11-21
Posts: 1,083
Trades :   65 

Re: Thinking about setting up Esuperfund + Custodian Vaults for $60,000 PM

SilverDJ wrote:
GRETZKY427 wrote:

Im early 30s with just under $90k in super in a high growth investments (shares/property/bonds, etc)...but look at setting up a SMSF...

www.esuperfund.com.au
A few clicks and you get a mass of pre-filled forms to sign in the mail, then several weeks later you have a SMSF GST registered company with ABN, a bank account, a share trading account, and a metal trading account.
Then fill out the usual super transfer forms and the $90k magically appears in your account.
Fees:
$800 + $259 a year. For a $90k fund that is about 1.2% a year or so in fees.
Auditing and tax return is an automated online process taking 10's of minutes a year for basic stuff.

Do it now before they change the rules and make it much harder for Joe Average to have their own SMSF.

$800 + $259 a year, is the $800 a once of setting up fee and then the $259 is paid yearly ?

Assuming this would allow me to create and appoint a Trustee holder for/with the SMSF account ? (sorry Im currently in a Industry Super fund and SMSF's are new to me)

Cheers, HAPPY STACKING :-)

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#56 2016-12-13 04:10:05

SilverDJ
Member
From: Australia
Registered: 2014-11-01
Posts: 2,528

Re: Thinking about setting up Esuperfund + Custodian Vaults for $60,000 PM

GRETZKY427 wrote:
SilverDJ wrote:
GRETZKY427 wrote:

Im early 30s with just under $90k in super in a high growth investments (shares/property/bonds, etc)...but look at setting up a SMSF...

www.esuperfund.com.au
A few clicks and you get a mass of pre-filled forms to sign in the mail, then several weeks later you have a SMSF GST registered company with ABN, a bank account, a share trading account, and a metal trading account.
Then fill out the usual super transfer forms and the $90k magically appears in your account.
Fees:
$800 + $259 a year. For a $90k fund that is about 1.2% a year or so in fees.
Auditing and tax return is an automated online process taking 10's of minutes a year for basic stuff.

Do it now before they change the rules and make it much harder for Joe Average to have their own SMSF.

$800 + $259 a year, is the $800 a once of setting up fee and then the $259 is paid yearly ?

No, it's $800 a year admin fee, first year is still free I think. The $259 is a government fee.

Assuming this would allow me to create and appoint a Trustee holder for/with the SMSF account ? (sorry Im currently in a Industry Super fund and SMSF's are new to me)

Yes, you become the Trustee of your own SMSF. No one else maintains or controls it, it's your company and you are put in charge of managing your own super.

Last edited by SilverDJ (2016-12-13 04:48:18)

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