Question 1

How much does an SMSF cost each year on average?

Accepted Answer

Based on ATO data, running a SMSF costs around $3,900 per year on average.

This includes accounting, audit, admin, and the ATO levy. Most of the cost goes to annual SMSF accounting and audit fees.

Question 2

Are SMSF fees tax deductible?

Accepted Answer

Yes.

Most SMSF fees are tax deductible. This includes accounting, audit, admin, investment, and compliance-related costs.

Just note: anything related to earning tax-free pension income or capital expenses isn’t deductible.

Question 3

Are SMSF establishment fees tax deductible?

Accepted Answer

Generally, no.

The ATO treats establishment costs, like setting up a trust deed, as capital in nature. That means neither you nor your SMSF can claim a deduction.

In rare cases, if a member pays the fee personally, doesn’t get reimbursed, and follows strict ATO steps (including lodging a notice of intent), a deduction may be possible — but this is complex.

Best approach? Speak to a qualified tax advisor. Or just reach out — we’re here to help.

Question 4

What other SMSF fees are payable to the ATO and ASIC?

Accepted Answer

On top of your SMSF service fees, there are two key government charges:

• ATO: A $259 annual supervisory levy, paid with your tax return.
 • ASIC: If you have a special purpose trustee company, there’s a yearly $65 registration fee.

Want to save time and money? You can prepay the ASIC fee for 10 years at a discounted rate of $436, and avoid late penalties too.

Question 5

How much does a SMSF audit cost?

Accepted Answer

On average, around $550, though fees rise with fund complexity.

Your annual audit is already included in our flat-rate packages. No surprises, no extra bills.

Question 6

How are my SMSF fees paid?

Accepted Answer

Your fees are paid on an annual basis and are withdrawn directly from your SMSF bank account.

For setup fees, we require payment upfront. However, you can reimburse the establishment costs once your SMSF is set up and has cash in its bank account.

Self Managed Super Fund Fees

SMSF Setup Fee

$2,800

$1,890

Ready to go?

Cambridge Co Pty Ltd T/as Nestwell SMSF