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DIY SuperService
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Outlined below are the features of DIY SuperService.
Click here to login to your DIY SuperService account website.
Features at a glance
| Services |
Daily services
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Daily processing of:
- Bank and investment transactions
- Member transactions
- Incoming mail for the fund.
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| Quarterly services |
- Preparation and lodgement of Business Activity Statement (BAS)
- Payment of GST liability from the fund’s cash management account
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| Financial year end reporting and services |
Preparation of:
- Year end compliance checklist
- Member Benefit Statements
- Trustee Annual Report to members
- Financial Statements
- Fund Income Tax and Regulatory Return.
- Independent audit by an SMSF expert
- Audit Certificate provided to the Trustee
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| Online services |
Access to your fund’s daily progress and performance reporting online:
- Portfolio valuation reports to track the daily movements
- Actual asset allocation versus investment strategy parameters
- Reports for realised and unrealised capital gains/losses
- Income and expense reports
- Contribution information
- Member statements.
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| Fees |
| Fee type |
Description |
Amount (including GST) |
| Establishment fee |
New fund (including a new trust deed) |
$275 |
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Transfer existing fund |
$550 |
| Administration fee |
Fund balance |
Fee p.a. |
| $0 -$250,000 |
$2,850 |
| $250,001 - $500,000 |
$3,300 |
| $500,001 - $750,000 |
$3,750 |
| $750,001 - $1,000,000 |
$3,750 |
| $1,000,001 - $2,000,000 |
$4,200 |
| $2,000,001 + |
$4,650 |
| Property fee1 |
Flat fee per property |
$660 p.a. |
| Fee discounting |
25% discount on the Administration Fee in proportion to the investments your fund holds in a OneAnswer or PortfolioOne investment | |
Investment Selection
The Trustees of an SMSF have discretion to decide what the fund invests in. Trustees need to ensure that all investments are consistent with the funds investment strategy and do not breach the SIS Act or other laws.
The following types of investments are generally acceptable:
- Australian shares
- global shares
- direct property
- other listed securities (eg: listed property trusts)
- bank deposits
- managed funds.
If you choose to allocate some of your SMSF to investments using ING’s OneAnswer Investment Portfolio or PortfolioOne Investment Service, you will receive a 25% discount on your DIY SuperService Administration Fee in proportion to the investments you hold.
OneAnswer Investment Portfolio offers a range of over 70 investment funds managed by ING Investment Management, OptiMix and other leading fund managers. Click here for more information on OneAnswer Investment Portfolio.
When you invest through PortfolioOne Investment Service, you can access an extensive menu of managed funds or invest directly in shares (ASX listed CHESS eligible securities).
Click here for more information on PortfolioOne Investment Service.
Before selecting your investments, you should consider the type of returns you are trying to achieve, the level of risk you can tolerate in order to achieve those returns, and how long you intend to hold your investment.
With help from your financial adviser, select investments that match your investment goals, and are in line with your risk and return profile.
| Contact details |
Service provided by
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Super Concepts Pty Ltd
ABN 67 007 437 907 |
Head office
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347 Kent Street
Sydney NSW 2000 |
| Phone enquiries |
1300 795 793
(Customer Services)
1800 804 768
(Adviser Services) |
Postal address
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DIY SuperService
Locked Bag 2
Forest Hill VIC 3131 |
Website
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www.ing.com.au |
| Email |
diysuper@ing.com.au | |
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