Our Service.
Getting your self managed super fund up and running.
1.A quality SMSF deed- the first step.
The set up package includes:
- Your trust deed
- Consent for the trustees, or directors of the trustee
- Minutes to set up the fund.
- Applications, beneficiary notices, and TFN notices for the members
- Roll over forms and banking details.
2.Professional Investment Management and Strategy:What your fund can and can't invest in.
When you establish a SMSF through selfmanagedsuper.com you will receive a pro-forma investment strategy. As the trustee of your fund, you are required to document the investment objectives of the fund, and the plan to achieve those objectives.
This is called your investment strategy. We have found that the majority of advisors are unfamiliar with the requirements of a strategy, so to assist you in developing a strategy tailored to meet your specific requirements, we have drafted a template -
Your self managed superannuation fund package will include all the relevant documents required for you to register the fund with the ATO and apply for a tax file number (TFN) and an Australian Business Number (ABN).
There are a few situations where a SMSF should register for the GST, however, in the majority of instances it is not recommended. If your fund is going to register for the GST, the pack will also include the relevant forms required to register the fund, together with a summary of what the fund is entitled to once it is registered.
3.Establishing a Bank Account: this is the administration hub of your super fund.
Every self managed superannuation fund established by our service must have a bank account established through Macquarie Bank to assist in the timely and efficient administration of your self managed super fund. For all our clients we will be regsitered as the licence holder and administrator and we will be entitled to a trailing fee of 0.25% of the cash balance.
To make sure your fund is established correctly and in the fastest time possible, the selfmanagedsuper.com pack will include a comprehensive checklist to ensure each step of the process is completed. 4.Administration: Delegating the day to day running of your fund to us.
4.A simple administration package as follows:
- $150 per month per fund (minimum of two members per fund)
- $200 additional fee is charged if you borrow to invest in property or shares.
As a Self Managed Super Institute client, you will also be referred to expert financial planning advice, tailored to meet the needs of your self and the other members within the fund. The financial planners sourced by us will give you specialist superannuation advice and assistance with your investment strategy. You can get advice on any aspect of your superannuation fund, whether you be in the accumulation phase or whether you are contemplating a retirement pension.
5.Specialist strategic advice for members:
If you choose to use our service then we can refer you to specialist self managed super advisers who can tailor specific investment portfolios for each member consistent with their risk profile and time horizon.
Corporate trustees:
If you require a corporate trustee for your self managed superannuation fund,we can establish a company, with the name of your choice for a once only fee of $600.00.