SMSF Setup

If you have made the decision to set up an SMSF, Superannuation Warehouse can execute the SMSF (Self Managed Superannuation Funds) establishment. To instruct us to setup your SMSF, simply choose an option below, enter the captcha security code and click ‘send’. Once we receive your application, Superannuation Warehouse will contact you to confirm the details of your application.

A Trustee has the responsibility to ensure that their SMSF complies with ATO rules. Therefore, before you set up an SMSF, the ATO expects the same level of discipline from your personal tax affairs. If you have any personal tax returns or debt outstanding, the Tax Office will not issue an ABN or TFN required to set up the Fund. If you are associated with any outstanding tax return or debt, please do not proceed with this application

The standard SMSF setup at a cost of $150 is for Individual Trustees when we set up the SMSF. If Trustees want a Corporate Trustee to be set up, we charge an additional $950 for the Pty Ltd Company setup with ASIC. Most Funds are set up using Individual Trustees. For the advantages of using a Corporate Trustee, see here.

Apply Online

A Fund name for your new SMSF should be something like “Smith Family Super Fund”. This name does not need to be unique.  The ABN (Australian Business Number) and TFN (Tax File Number), which will be issued by the ATO for your SMSF are the unique identifiers for your SMSF.

It is optional to note Death Benefit Nominations. If you make a nomination for Death Benefits, this nomination will be added into the Trust Deed. An example of a Death Benefit Nomination is “On the death of Trustee 1 the total benefit should go to my wife Suzie Smith”.

From 1 January 2015, it is an ATO requirement that an SMSF must be activated and holds assets at the time of establishment. For this reason, the initial SMSF application fee that you pay to us when setting up the Fund will be treated as a personal contribution to the Fund to meet this ATO requirement.

Delivery Policy

Our Delivery Policy is that Trustees pay for services rendered as per our fee schedule after which we will deliver our services.

 

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