Folks,
I was very surprised to find that there has never been a 'deal' lodged for this product offering, which from using & comparing to their peersI think is incredibly good value on a number of levels. So I place it up in the spirit of the 'long term' deal thats already up for Stake's brokerage service. i.e is a long term great deal - BUT there's also two other shorter term promos on which take whats already very good value and make it even more compelling - and yes in true OzB style you can combine the two offers.
OFFER 1.
Stake Super has three plans for their annual SMSF services:
- Stake Super (ASX & US listed equities only) $990)
- Stake Property, which ADDS ON the ability to also have property ownership within the SMSF ($1690)
- Stake Super Plus (which can contain all ATO approved SMSF assets e.g crypto, property, precious metals, art etc) $2490
For existing SMSF holders who transfer their SMSF to Stake Super, all of these plans are currently $990 for the 1st year. i.e saving of $1500 on Stake Super Plus.
OFFER 2.
Stake Super has just initiated a referral program which at present runs until 11NOV26 - where new members to Stake Super who sign up using an existing members referral link get a further $200 off their 1st year's fee (the referrer also receives the same deduction on their next annual fee) - T&C's i.e Stake Super plan for $790 p.a (free setup etc if no SMSF or higher plan at lower price if you have an SMSF & transfer)
In my experience with using their product I believe the main points of difference they offer over their peers are as follows:
TLDR Version: Incredibly low and transparent annual fee plans, hassle-free & intuitive SMSF setup process that assists new adopters, excellent overall product offering, true 'one stop shop' for SMSF services.
- their setup process for new SMSFs is incredibly hassle free, simple and easy as its nearly 100% electronic (they handled everything inhouse from certifying ID documents for our incumbant Super provider to all required establishment documents etc) - they liased directly with our old Super Fund and made what seemed like an overwhelmingly complex process very straight forward, transparent and stress free.
- ZERO setup/establishment fees for people wishing to start an SMSF - many other providers charge significant sums to do this
- Inhouse Stake brokerage service is very highly rated (see the linked deal's ratings), its an excellent product with terrific, intuitive app and desktop access - very low brokerage fees of $AUD3 on up to $AUD30,000 trades on the ASX. Their US exchange stuff has mixed feedback mainly with FX fees but their ASX stuff is very well regarded.
- THIS IS A BIG ONE - when they establish your SMSF they provide you with a Corporate Trustee & all it's requirements at $0 extra cost (a corporate trustee is considered a superior approach to using an Individual Trustee) - their peers often charge up to $1300+ providing this optional extra e.g Esuperfund one of the other low-cost SMSF providers charge $899 extra for just this.
- Their security is excellent (multiple 2FA methods available), customer service is susprisingly good (calls available on appt, otherwise Aussie based team that responds within a few working days in my experience).
- All services (except for their Auditor) are done inhouse via their own staff - brokerage, accounting, reports etc keeps all simple as a one-stop-shop only to them.
- Stake Super/Stake are also a full CHESS Sponsoring broker - so you have the strongest possible protection for your ASX holdings (many others use the custodian model)
If it simplifies things, you can book a 'no-commitment' video/voice call to one of their SMSF experts and simply talk through - they're all Australia based and for some things an old fashioned chat is easier than reading umpteen webpages etc. We made several of these before moving ahead with anything - there was no 'sales pitch' just explaining to us how an SMSF works & if it suited our expectations & needs.
NOTE: Nothing stated here or in any of my comments is intended as 'financial advice' - as with any product or service please apply appropriate consideration to your specific personal circumstances before making any changes or decisions. Stake themselves have an excellent article on SMSF risks all considering should review.
I've been Stake Super & Stake brokerage customer for several years, however I'm receiving absolutely nothing for posting this up & have NOT done it at anyone's request or instruction.
And FWIW we moved as it reduced our overall costs (a benefit of a corporate trustee is that you can have up to six(6) members), provided us with vastly superior control & transparency on our investments and also through holding DIRECT assets allowed us to avoid the stripping of unrealised CGT which is done in Industry & Retail pooled Super funds - as is explained in this excellent article:
https://passiveinvestingaustralia.com/the-problem-with-poole…
When done correctly all unrealised CGT accumulated over the life of the SMSF will, when it's status is changed from 'Accumulation' to 'Pension' be 100% tax free. i.e your contributions over 20yrs have capital growth of $500,000. In a retail/industry fund you would have automatically had $50,000 in unrealised CGT removed - but if you hold directly this is tax free.
Anyway happy to discuss our journey with SMSF's in general and Stake Super in the chat - but we have found them excellent in all regards and having just looked at the entire marketplace to compare pricing they're still far and away the best product offering and near the absolute cheapest too…..and thats without those two extra bonuses for new customers.
While you should not get overly focused on fees they are regarded as one of the only variables investors can control so other than the annual Stake Super fee (which can be potentially as low as $790) we only have our brokerage costs when we purchase more units (thats a negligible cost overall) and then the investment costs/MER of any equities themselves (ETFs for example, direct shares are $0).
Not that we do it very often but also having the ability to instantly trade assets etc and make changes compared to several working days with most Super providers can be of significant value when you consider the cost of this when the market moves etc.