How do I start / manage my own self managed super fund?
Starting a self managed super fund is a whole lot easier than you think. Once you’ve made the decision that you want to be in control of your money and your future, there’s just 5 simple steps – all of which we can guide you through.
Steps to getting started
Check if you’re able to be a fund trustee.
A fund trustee manages the trusts and distributes their assigned assets.
Pick a name for your fund.
You can pick any name you want, it could be wild or it could be as simple as [your name] + [Super Fund].
SMSF Wizard will set up your fund, including:
- Setting up your TFN & ABN
- Filling out member application forms, trustee and ATO docs
- Registering your fund to ensure it’s compliant
- Creating your Trustee Company & Super Fund Deed
Open a Bank Account.
Open a bank account you’ll be depositing your super funds into (or ask us to help).
Transfer.
We will arrange for all or some of your super to be transferred across into your new fund.
Once you’re set up, it’s time to take control of your money! You’ll be able to:
- Decide what to invest in, and document it using an investment strategy
- Make investments! There’s some documentation you’ll need to ensure you’re complying with the rules and relevant legislation – we’ll provide you with a template.
- Contribute as much as you want, or get your employer contributions deposited directly – your money is in your hands.
Q2
Worried about the tax and income requirements?
We take care of annual financial statements, audits and tax returns as part of our fixed fee.
Q3
Want to know how much you’re worth?
Know what you’re worth as the market moves daily. Check the status of your investments with our app. We update your records in real time so you can make better decisions.
Q1
How long before I can start investing?
We can get your fund open in one business day. You’ll be able to start investing in about 2 weeks, after we submit a rollover documents to your existing fund. The timeframewill depend on the fund you’re leaving.
Think you’ll need more help?
Reach out! Our team are available and can explain everything in plain English. No accounting-speak, no complicated processes and no hourly rate.