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.

DM

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles