Fund Establishment
Self-managed super funds (SMSF) can be a great way to provide for your retirement. Once the decision has been made to establish your own fund, it’s important you are aware of your responsibilities and obligations as a trustee.
The process in establishing an SMSF involves a range of important decisions to be made by you. There are several legislative and trust law requirements in setting up a fund. These include:
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Obtaining a Trust Deed
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Appointing a Trustee(s), including deciding between a Corporate Trustee or Individual Trustees
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Signing the ATO Trustee Declaration
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Electing to become a regulated superannuation fund
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Obtaining a Tax File Number (TFN)
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Obtaining an Australian Business Number (ABN)
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Establishing a bank account
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Formulating a written investment strategy
The Australian Taxation Office has released a publication, Setting up a Self Managed Super Fund, to assist you in further understanding the important decisions that are required to be made about how to structure and run your fund.
Outlook can provide you with professional advice in establishing your self managed super fund, including trustee structuring, preparation of your fund's investment strategy and the ongoing compliance obligations (including annual returns and independent audit).
You can establish an SMSF with Outlook for
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$550 Deed Only Service,
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$990 with individual trustees
, or
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$1,870 with a special purpose SMSF Trustee Company
Establishing an SMSF (211.02kB)
Refer to our SMSF Service & Fee Schedule for further details, or contact us to arrange to discuss your requirements further.