SMSF fee comparison

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Please be aware that super contribution limits apply.
 

Fees

Adviser fee pa

 

Administration fee pa

 

Managed fund fee

 

Projection assumptions

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Results

Account balances

Annual fees

Detailed results

Year Account balances Annual fees
Current fund SMSF Difference Current fund SMSF Difference

Current fund

SMSF

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Current fund

SMSF

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1. Assumption about the user

The SMSF fee comparison involves complex tax and superannuation calculations and general financial principles, it is only appropriate for use by suitably qualified persons with the requisite knowledge in these areas, or typically a licensed financial adviser. SMSF fee comparison is reliant on the integrity of the data entered, for which the user accepts complete responsibility.

2. General concepts & assumptions

The purpose of SMSF fee comparison is to compare the fees charged by a retail super fund with the fees in an SMSF. It operates on an annual basis without any contemplation of partial income years. Calculations assume continuation of income tax and superannuation laws effective from March 2017. Draw-downs and insurance premiums have been ignored for simplicity.

3. Contributions

The SMSF fee comparison has the ability to model super contributions in the advanced mode. The user can choose from three different contribution strategies:

  • SG only if the client is an employee but doesn't make any other super contributions
  • Max CC cap if the client makes contributions up to their concessional cap
  • Custom if the client's contribution strategy is not one of the previous two options

SG only and Max CC contributions are taxed at the selected super contributions tax rate. Custom contributions are assumed to be entered on an after-tax basis. Contributions are assumed to continue for the full projection term irrespective of age.

4. Fees

The SMSF fee comparison can model dollar based fee, percentage based fees and/or tiered fees. No allowance has been made for transaction, performance, withdrawal or other fees.

The model allows the user to model Macquarie Consolidator administration fees; this is included for the purpose of fee comparisons and in no way advice on the preferred administration product.

5. Tax assumptions

The SMSF fee comparison assumes that earnings are taxed at 15% and any administration, adviser and investment management fees are fully tax deductible. Set up fees are also assumed to be tax deductible.

Macquarie cannot and does not purport to give any tax advice, and potential investors should seek their own tax advice before making any investment decisions. Assumptions about the tax treatment of various payments may or may not reflect actual tax treatment in a client's circumstances.

6. Return assumptions

The SMSF fee comparison assumes that the annual return applied remains constant for the duration indicated. The calculations are illustrative only and the earning rates are not guaranteed in any way by Macquarie.

7. Inflation

Future dollars are discounted back into today's dollar terms using CPI as the discount rate. Dollar based fees are assumed to increase annually with CPI. No allowance has been made for the change in cost of living above inflation.

This calculator is a software program developed by Macquarie Group Limited and its related bodies corporate (collectively referred to below as "Macquarie", "we", "us" or "our"). Macquarie is the owner of the copyright in this calculator.

The following are terms of use of this calculator:

  1. We have made no default assumptions in this calculator. You may change all the assumptions to reflect the scenario you are trying to model.
  2. The purpose of this calculator is to help financial services professionals compare the potential impact of fees charged by a retail or other super fund with the fees in an SMSF.
  3. This calculator is a model only and is not a prediction of your financial outcomes or a substitute for professional advice. Your financial outcomes will depend on external factors such as tax, superannuation laws, investment earnings and inflation.
  4. This information is provided for the use of financial services professionals only. In no circumstances is it to be used by a person for the purposes of making a decision about a financial product or class of financial products.
  5. You must not (i) copy, disassemble, reverse engineer, reproduce, adapt or otherwise attempt to derive, tamper or modify the software program code of the calculator, (ii) sell, licence or in any way distribute or transmit the calculator to your customers and/or other third parties, and (iii) copy or use in any way Macquarie's name and all associated trademarks which may appear on the calculator; you acknowledge that to do any such acts would constitute an infringement of our intellectual property rights in the calculator and its trademarks, and may cause errors in the calculator and any calculations generated.
  6. While we have used all reasonable care in preparing this information, where it includes assumptions and information provided by third parties which we are not able to independently verify, we do not accept responsibility for incorrect assumptions, errors or omissions by those third parties.
  7. To the extent the law allows us to, we will not be responsible for any loss (including, without limitation, loss of data, interruption to business, loss of profits and loss of investments) arising directly or indirectly from use of the calculator.
  8. This software has not been designed for any particular investor and has been prepared in good faith and without assuming a duty of care. No guarantee, warranty, or representation is given or implied as to the reliability or accuracy of the information used to compile each index or each calculation.
  9. Macquarie does not give taxation advice. The application of taxation laws to each client depends on that client's individual circumstances. Accordingly, clients should seek independent professional advice on taxation implications before making a decision about a financial product or class of financial products.
  10. Before using the calculator you should read the Notes detailing the assumptions, if any, used in the calculator.