SMSF Outsourcing Has Been Made Easier to Understand

Outsourcing Firm B.O.S.S. Introduces Beginner-friendly Pricing Structure. Back Office Shared Services wants to make the on-ramp easier via their new SMSF outsourcing pricing structure.

Lindfield, Australia - March 6, 2018 /PressCable/ —

Self-Managed Super Funds can seem like an ideal retirement fund situation – a collection of friends decide to manage their retirement stash themselves instead of paying a professional manager exorbitant fees. They put in a little bit of time up front and they end up saving more of their cash at the back end.

Except it’s not quite so easy. ASIC (the Australian Securities and Investments Commission) promotes a list* of topics one must absorb in order to keep up with legal obligations. Among the charming listed topics are possible bankruptcy, recognizing scams, and even dementia. Add on the confusing pricing habits of some SMSF outsourcing firms and it’s easy to see why some would choose to steer clear of self-management.

Back Office Shared Services wants to make the on-ramp easier via their new SMSF Outsourcing Total Package Plans.

Lee Court, BOSS’ Client Relationship and Marketing Manager, says, “SMSFs are supposed to make life easier by providing more funds for retirement. It’s frustrating when people are scared away by the maze-like pricing structures offered by other companies who state they want to help SMSF investors but then end up only confusing them and turning them off of some amazing opportunities. BOSS’ goal is to help SMSF investors get the most bang out of their investment buck by taking care of the paperwork via certified SMSF outsourcing as well as providing transparent pricing tiers.”

Paying for SMSF Outsourcing Made Easy

SMSF managers are now going to know exactly how much they’ll be paying ahead of time based on the type of transaction and volume. Turnaround for jobs is two weeks, with discounts growing by the volume of jobs.

For Investment, Pensions, Rental Property, and Transactions volumes are rated Basic (5 jobs or less for $179), Medium (6 to 20 jobs for $299), or Large (21 and up for $479) plus GST.

For Transactions alone, 50 or less costs $179, 51 to 150 costs $299, and 151 and up costs $479.

For Pension and Rental Property jobs the prices are also $179 for up to 50, $299 for 51 to 150 jobs, and 151 jobs and up will cost $479.

So how about those discounts mentioned above? The SMSF outsourcing discounts start with 20 to 49 jobs, earning the client 5% off. When 50 to 75 jobs are in play the discount is bumped up to 8%. 76 to 99 jobs nets the client a 10% discount. And finally 100 jobs and up come with a 15% discount.

Clients signing on with BOSS should note there is a set-up fee of $75 plus GST to get a virtual accountant up and running on a client’s file. This price may increase if the client requires the accountant to work on the client’s software or when the client requires an SMSF audit. Actuarial certificate fees are paid by the client directly to the provider.

About Back Office Shared Services Pty Ltd (BOSS): BOSS is an Australia-based outsourcing firm created to help accountants, individuals, and businesses achieve their expansion goals by providing Aus and NZ-certified virtual accountants that cost a fraction of in-house staff. For more information about BOSS or SMSF outsourcing please contact: Lee Court, Client Relationship and Marketing Manager

*www.moneysmart.gov.au/superannuation-and-retirement/self-managed-super-fund-smsf

Contact Info:
Name: Lee Court
Email: [email protected]
Organization: BOSS (Back Office Shared Services) Pty Ltd
Address: Suite 2, 345 Pacific Highway, Lindfield, New South Wales 2070, Australia
Phone: +61-1800-889-232

For more information, please visit https://boz.com.au/

Source: PressCable

Release ID: 308173