Question 1

What does ongoing SMSF administration include?

Accepted Answer

Annual financial statements, member statements, the SMSF annual return, independent audit coordination, ATO lodgements, regulatory compliance monitoring, and trustee support throughout the year.

Question 2

How much does ongoing SMSF administration cost?

Accepted Answer

easySMSF offers a flat annual administration fee that includes the independent audit.

There are no per-transaction or per-asset fees. See the pricing page for current rates.

Question 3

Who audits my SMSF each year?

Accepted Answer

Your SMSF is audited annually by an independent, ASIC-registered auditor, as required by the ATO.

We coordinate the entire process and the audit fee is included in our annual fee.

Question 4

When is my SMSF annual return due?

Accepted Answer

For most funds, the SMSF Annual Return is due on 15 May the year after the financial year ends.

New funds in their first year may have an earlier 31 October deadline.

Question 5

Do I have to revalue assets every year?

Accepted Answer

Yes. Trustees must value SMSF assets at market value each 30 June.

We provide guidance and accept independent valuations or comparable evidence for property and unlisted assets.

Question 6

Can I change accountants and move my SMSF to easySMSF?

Accepted Answer

Yes. We handle the data migration, request prior-year files from your current administrator, and set up your fund on our platform — usually with no disruption to lodgements.

Question 7

How do I make contributions or pay a pension from my SMSF?

Accepted Answer

Contributions are deposited directly into your SMSF bank account.

Pension payments are processed by you as trustee — we set up the documentation and calculate minimum payment amounts each year.

Question 8

What happens if my SMSF breaches a rule?

Accepted Answer

Minor breaches are usually rectified during the audit.

Material breaches may require an Auditor Contravention Report to the ATO. We work with you to fix issues quickly and keep penalty exposure to a minimum.

Question 9

What if a member dies or wants to leave the fund?

Accepted Answer

We handle death benefit payments, member rollovers out of the fund, Binding Death Benefit Nominations (BDBNs), and structural changes. These are included in our annual fee — no surprise charges for life events.

Question 10

Is there a minimum term or any exit fees?

Accepted Answer

Our promise is simple: Control. We ask for one upfront commitment — a 12-month minimum term on ongoing administration — and that's all we ask. After the first 12 months you invest on your terms, free to cancel any time with no exit fees and no penalty.

The reason is straightforward: a year of SMSF administration is a full annual cycle of accounts, tax return and independent audit. The 12-month term lets us cover that work properly at a fixed monthly fee instead of charging a large lump sum upfront.

Unlike some providers, we don't bill a full year of fees as an exit penalty when you leave, and we never hold your records back. When the time comes, you get a free, complete handover pack delivered to whoever you choose next.

SMSF administration FAQ — audits & fees

Ready to set up or switch your SMSF?

SMSF setup explained

Fixed-fee pricing

What an SMSF costs