Esuperfund annual payments due January, ensure sufficient funds for DD

Discussion in 'Superannuation' started by Slam, Jan 9, 2012.

  1. Slam

    Slam Well-Known Member Silver Stacker

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    Hi All,

    I just checked my super account balance.

    I was shocked to see Esuperfund taking a payment for themselves to a value of $701. I have emailed them and expecting a reply.

    Can someone please let me know what I might expect this payment to be for:

    I joined in 2010 September (setup in November), the setup was free and the first years accounting and auditing cost is free. They have just completed our return.

    So afaik, 2010 July -> 2011 June (Audit, tax return) should be free.

    We are yet to do 2011 July -> 2012 June, so why have I been charged $701. Wondering if they are trying to recoup the setup / first year tax return costs.

    Anyone able to shed some light and report back if you have also been charged a similar amount.

    Cheers,

    Slam
     
    Slam, Jan 9, 2012
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  2. Slam

    Slam Well-Known Member Silver Stacker

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    Having a look at their website, the fee may be for the 2012 annual compliance payable in January.

    Would be handy if they sent me an email to remind me, lucky I had funds to actually cover the payment.

    Slam
     
    Slam, Jan 9, 2012
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  3. goldpelican

    goldpelican Administrator Staff Member

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    Ditto - I saw money automagically disappear from the account as well with no notice.
     
    goldpelican, Jan 9, 2012
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  4. Ag

    Ag Well-Known Member Silver Stacker

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    Ok seems were all in the same boat. Just covered a trade and found almost zero left!
     
    Ag, Jan 9, 2012
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  5. hiho

    hiho Active Member Silver Stacker

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    I would not be happy that they have access to my account like that
     
    hiho, Jan 9, 2012
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  6. goldfingers

    goldfingers New Member

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    I'm pretty sure that when you signed up, one of those forms you signed was the deduction authority.
     
    goldfingers, Jan 9, 2012
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  7. vishy

    vishy Member

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    I just signed the forms, one of them is an automatic debit from your account to them at the start of each year to cover the audit.
     
    vishy, Jan 9, 2012
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  8. Haggai 2:8

    Haggai 2:8 Member

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    You were not notified? I received this email in December:

    Dear Trustees,

    2012 SMSF Annual Compliance Fee - Reminder

    Please be advised that on 03 January 2012 the 2012 SMSF Annual Compliance Fee of $699 will be due and payable from your SMSF Bank Account. The SMSF Annual Compliance Fee will be processed with the direct debit authority we currently hold on file.

    A review of your SMSF Bank Account indicates there are currently insufficient funds to action the direct debit from your SMSF Bank Account.

    Accordingly please ensure there is sufficient funds in your account prior to 03 January 2012 to action this payment.

    Please do not hesitate to contact our office if you have any further queries.

    Yours Sincerely,

    Mark Needham
    Client Services Manager



    PO Box 401 North Melbourne VIC 3051
    Level 23 HWT Tower, 40 City Road, Southgate VIC 3006
    E [email protected]
    W www.esuperfund.com.au
     
    Haggai 2:8, Jan 9, 2012
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