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 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
$770*
setup inc GST + free Ledger Nano S
$990 yr 1 · $1,190 yr 2+
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 special offer: $770 setup + $990 first-year accounting & audit + a free Ledger Nano S — that's $1,760 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 $770* setup · $990 yr 1 |
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 |
| Free Ledger Nano S hardware wallet | ✓ Included | ❌ Not offered | ❌ Not offered | ❌ Not offered |
| 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 special offer is $770 setup (inc GST) with a free Ledger Nano S + $990 first-year accounting & audit, reverting to $1,190/yr from year 2. 2-year minimum applies. Standard setup is $990.
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.
Special offer: $770 setup + $990 first-year accounting & audit + free Ledger Nano S. From year 2, $1,190/yr. 2-year minimum. Limited supply · $15 shipping.
* Special offer: $770 setup fee (inc GST) includes a free Ledger Nano S hardware wallet (RRP $179) + first-year accounting & audit at $990 (inc GST), reverting to $1,190 p.a. inc GST from year 2. 2-year minimum engagement. Available while Ledger Nano S stocks last. $15 flat-rate shipping Australia-wide. Standard setup fee $990 inc GST with $1,190 annual fee from year 1. Competitor fees sourced from publicly available fee schedules. Last updated May 2026.