Letters: SMSF creation, QBE and executive pay

Readers comment on the costs involved in setting up a self-managed fund, and find reasons not to like investing in QBE.

Again, I see poor quality information on the costs of setting up and operating an SMSF. Off-the-shelf SMSF packages are available for about $250 from companies like Patricia Holdings. These are accepted by the ATO and I have been using them for 10 years. I keep my accounts in a spreadsheet and my (suburban) Chartered Accountant is happy to audit the accounts and prepare the annual return for $750. There is no need for the expensive solutions being touted if one is moderately computer and spreadsheet literate.

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