Posted on 18 June '12 by , under General News.
Recently released data from the Australian Taxation Office shows SMSF fees have been experiencing a downward trend since 2008. In that year, the average fee per fund was 0.95 per cent which then fell to 0.67 per cent in 2009, with a further fall in 2010 to 0.65 per cent.
The Self-Managed Super Funds Professionals’ Association of Australia (SPAA) said the statistics compare very well to the competing retail and industry fund sectors.
SPAA quoted comparable fees for retail funds being 2.1 per cent and 1.1 per cent for industry funds although direct comparisons may not be an accurate measure.