SMSF setup and administration service providers

Name: iCare SMSF
Address: 269 Centre Rd, Bentleigh, Australia, 3204
Telephone: +61-0395-574-079
Price range: $$
Rating: 5

In the last decade, we have seen more and more companies that offer SMSF setup and admin services to trustees.

It can be a daunting task when finding the right administrator for your SMSF.

When you choose an SMSF service provider, you may need to consider the following:

how long the company has been established?
can they package up all the services you need?
do they outsource work overseas?
do they have a restrictive list of allowance assets that your SMSF can invest?
do they have restrictions on bank accounts, broker accounts or exchange?
do they claim they are cheapest service providers but with hidden fees or costs?
do they reply your email or answer your phone calls promptly? (some providers even do not have a phone number!)
do they update their website or blogs regularly?
do they lock you in the contract?
are the auditors external and independent?

To enjoy the benefits of running your own SMSF, you need to choose the right administrator!