Cheap SMSF Accounting
$1190* includes annual accounting, independent audit coordination and ongoing support — delivered online by an experienced SMSF team that focuses on speed, accuracy and compliance.
- Annual financial statements and fund tax return preparation
- Independent audit coordination through our auditor panel
- Support by WhatsApp, email, dashboard tools and support agents
- Online administration model with lower overheads
- Asset control remains with the trustees and the fund
Affordable SMSF accounting with a sharper compliance focus
My SMSF combines an online administration model with specialist SMSF experience, an in-house tax team, trusted agents and a panel of independent auditors. The result is a practical service that is cost-conscious, responsive and built around keeping your fund compliant.
Online, experienced, accurate and fast
Our online delivery model is designed for trustees who want timely responses, reliable annual processing and a team that understands SMSF administration in the real world.
Independent auditors, aligned tax support
We use a panel of independent auditors while also working with our own tax teams and agents, helping keep client interests front and centre while maintaining regulatory discipline.
You keep control of the fund
You own and control your SMSF assets, including the SMSF cash account. We handle the annual compliance work and support, while trustees retain visibility and decision-making power.
Everything needed to keep the annual compliance cycle moving
The service is built around the recurring work most trustees need each year: financial reporting, tax return preparation, audit coordination and accessible support when questions arise.
Preparation of the year-end accounts and supporting reporting for your fund.
Preparation and completion of the SMSF annual return as part of the yearly compliance cycle.
We work with a panel of independent auditors to obtain the annual audit outcome required for lodgment.
Trustees can reach the team through WhatsApp, email, dashboard support tools, chat bots and support agents.
Your $1190* annual package
How the annual SMSF accounting cycle works
A clear process keeps the annual compliance work moving and reduces friction for trustees. Our online model is built around efficient information flow, specialist processing and ongoing access to support.
Fund records gathered
Banking, investment and transaction information is assembled for the reporting year.
Accounts prepared
Annual financial statements and supporting workpapers are prepared by the accounting and tax team.
Independent audit
The fund is reviewed through our independent auditor panel as part of the annual compliance cycle.
Return completed
The SMSF annual return is finalised once the fund accounts and audit workflow are complete.
Support continues
Trustees still have access to support via WhatsApp, email, dashboard tools and support agents.
Support that fits how trustees actually work
Not every trustee wants support in the same way. The service is structured to provide multiple support channels without forcing clients into a heavy, expensive administration model.
Direct support for practical questions and follow-ups.
Clear written support for documents, issues and updates.
Dashboard
Online access and assistance through platform-based tools.
Chat Bots
Fast access to basic answers and support prompts online.
Support Agents
Human support when a matter needs follow-up or review.
A leaner administration model without losing oversight
| Feature | My SMSF | What it means for trustees |
|---|---|---|
| Fixed annual package | Yes | Clear annual pricing for standard recurring compliance work. |
| Independent audit coordination | Yes | Annual audit workflow managed through an independent auditor panel. |
| Multiple support channels | Yes | Access support by WhatsApp, email, dashboard tools and agents. |
| Trustee control of assets | Yes | You continue to own and control the fund's investments and cash account. |
| Online administration model | Yes | Lower overheads are passed through in the pricing structure. |
Built for trustees who want value, control and responsiveness
The core service promise is straightforward: keep the annual compliance work moving, keep the costs lean and help trustees stay supported without taking control away from them.
- Suitable for trustees who value fixed-fee pricing and online service delivery
- Designed for funds seeking accurate annual processing and support access
- Helps keep the fund compliant through annual tax return and audit workflow
- Backed by long-term SMSF experience and a specialist administration focus
Cheap SMSF Accounting FAQs
The page below is written as a conversion page, so these are practical questions trustees tend to ask before moving forward.
Ready for a lower-cost SMSF accounting service?
For trustees looking for cheap SMSF accounting, the offer is simple: $1190* for annual accounting, audit coordination and support through an online model built around speed, accuracy and compliance.
At a glance
- $1190* annual package
- Accounting + audit coordination + support
- 16 years of SMSF experience
- Online administration with lower overheads
- Trustees retain asset and cash-account control
SMSF accounting with an AI assistant built in
Low-cost SMSF accounting doesn’t mean low service. For Silver and Gold Care clients, Grace knows where your return is up to, what the accountant is waiting on and what you owe the ATO — and Gold Care clients can ask the same questions from Claude, ChatGPT, Grok or any MCP-compatible AI.
Grace — the My SMSF Assistant
Built into the My SMSF client dashboard. Ask about your fund in plain English, any time.
- Lodgement status and accountant queries
- ATO and ASIC payment details
- Your fund documents and records
Gold Care AI connector
Use Grace inside Claude, ChatGPT, Grok or any MCP-compatible assistant, with your own fund’s details.
- You approve access — your fund only
- Read-only, revoke any time
- Never shares TFNs, ID or working papers
Agentic commerce ready
AI agents can ask about our services and start an SMSF setup or transfer for their person.
- Public MCP connector + A2A agent card
- Published fees and real answers
- You complete ID and payment yourself
Gold Care clients can ask from their own AI:
https://agents.mysmsfproperty.com.au/mcpGeneral information only — Grace and our AI tools do not give personal financial advice. AI agents can never complete identity checks, sign documents or make payments for you.
SMSF Setup Cost Comparison 2026
How Much Does It Cost to Set Up an SMSF?
One-time setup fee. Annual ongoing accounting & audit. Here's what providers actually charge — with no hidden extras.
MySMSF
$990
setup inc GST, corporate trustee included
$1,190/yr
accounting & audit · 2-yr minimum
Online Specialist A
$1,099
setup fee inc GST
$1,190/yr
basic funds only
Online Specialist B
$1,320
setup fee inc GST
$1,485+/yr
ongoing — plus add-ons
Boutique / Online
$1,200+
setup fee inc GST
$1,300+/yr
varies — quote required
Traditional Accountant
$2,000+
typical setup cost
$3,000+/yr
hourly billing — varies
Our fixed fees: $990 setup + $1,190 a year accounting & audit — that's $2,180 all-in for year one, then $1,190/yr. Over three years that's $4,000+ less than a traditional accountant for the same ATO compliance and full audit.
| What's included in setup | MySMSF $990 setup · $1,190/yr |
Specialist A $1,099 |
Specialist B $1,320+ |
Traditional Acct $2,000+ |
|---|---|---|---|---|
| Setup Inclusions | ||||
| SMSF trust deed | ✓ Included | ✓ Included | ✓ Included | ✓ Included |
| ATO registration (TFN + ABN) | ✓ Included | ✓ Included | ✓ Included | ✓ Included |
| Investment strategy document | ✓ Included | ✓ Included | ⚠ Some plans only | ⚠ Extra cost |
| Member acceptance documents | ✓ Included | ✓ Included | ✓ Included | ⚠ Extra cost |
| Bank account setup guidance | ✓ Any bank | ⚠ Preferred banks | ⚠ Approved banks | ✓ Any bank |
| Ongoing document portal access | ✓ Yes — online | ✓ Yes | ✓ Yes | ⚠ Varies by firm |
| Ongoing Annual Fees (inc GST) | ||||
| Standard fund (shares, ETFs, cash) | $1,190 | $1,190Single broker only | $1,485Plus add-on fees | $2,500–$5,000+ |
| Crypto SMSF | $1,190Any exchange, any wallet | ❌ Excluded | $1,485+Approved exchanges only | $2,500–$4,000+ |
| Property SMSF | $1,550 | ❌ Excluded | $2,255+ | $3,000–$6,000+ |
| Audit included | ✓ Yes | ✓ Yes | ✓ Yes | ⚠ Often separate |
| Annual documents & minutes | ✓ Free | ⚠ Fees may apply | ⚠ Charged separately | ⚠ Hourly cost |
| Exit fee | ✓ None — ever | ✓ None | ❌ $250 | ⚠ Varies |
| Track Record & Support | ||||
| Years established | ✓ Since 2010 | ✓ Established | ✓ Established | ✓ Established |
| Dedicated SMSF specialists | ✓ 3 tax teams + 4 auditors | ⚠ Small team | ✓ Yes | ⚠ General accountants |
| Online setup & management | ✓ Fully online | ✓ Fully online | ✓ Fully online | ❌ In-person / manual |
How much does it really cost to set up an SMSF?
Online providers typically charge $990–$1,500+ for setup. MySMSF's setup is $990 (inc GST) with a corporate trustee included, then $1,190/yr for accounting & audit. 2-year minimum applies.
What are the ongoing SMSF accounting fees?
Annual accounting and audit typically runs $1,190–$1,500/yr with online providers and $2,500–$5,000+/yr with traditional accountants. MySMSF starts at $1,190/yr inc GST for standard funds.
Are there hidden SMSF fees I should know about?
Yes — many providers charge extra for non-approved banks (+$120/yr), hardware wallets (+$220/yr), non-preferred brokers, or crypto assets. MySMSF has no add-on fees for these.
Can I have crypto in my SMSF?
Yes — but not all providers support it. Some exclude crypto entirely; others restrict you to approved exchanges. MySMSF supports all exchanges and cold/hardware wallets from $1,190/yr with no platform lock-in.
Fixed fees: $990 setup + $1,190/yr accounting & audit, inc GST. 2-year minimum.
Setup fee $990 inc GST (with 2-year admin), annual fee $1,190 inc GST from year 1. Competitor fees sourced from publicly available fee schedules. Last updated May 2026.