Setting up a new SMSF
Setting up a new SMSF requires a few things to be put in place to ensure it complies with superannuation laws. We can help make the set-up process easier for you by providing a Welcome Kit containing the forms and documents you’ll need to get started.
The Welcome Kit includes:
- A Trust Deed for your SMSF
- Declarations for trustees, or directors of the corporate trustee, of the fund, that they understand their duties as an SMSF trustee
- Written consents from members to act as trustees or directors of the corporate trustee of the fund and declarations that they are not “disqualified persons”
- Minutes for the first meeting of trustees
- Applications for membership of the fund
In addition, we also help with other activities required to set up an SMSF, such as:
- Applying for a fund’s Australian Business Number (ABN) and Tax File Number (TFN)
- Registering the fund for GST (if required)
- Setting up a company to act as a corporate trustee (if required)
- Providing assistance with rollovers from your other superannuation accounts
- Arranging for the establishment of a linked cash account for your SMSF
