SMSF
SMSF setup
Setting up a self-managed super fund means creating the trust, choosing a trustee (often a company), and registering the fund before any money goes in. SMSF Genius and Business Mantra Accountants handle the set-up, once a licensed adviser has helped you decide an SMSF suits you.
Delivered by
SMSF Genius
Online SMSF audit, plus SMSF setup
With help from Business Mantra Accountants
On this page
Who it’s for
People who have decided on an SMSF
People who have had advice and want their fund set up correctly.
Business owners
Owners who may want their super to hold business premises, under the rules.
Families
Up to six members, such as a couple or a family, who want to manage super together.
What’s included
Trustee
Setting up a company to act as trustee, or individual trustees, with trustee declarations.
Trust deed
The fund’s trust deed, its governing rules.
Registrations
Registering the fund with the ATO for an ABN and TFN, and electing for it to be regulated.
Bank account and rollovers
The fund’s own bank account and help moving super in from other funds.
Investment strategy
A written investment strategy for the fund, prepared with your adviser.
How it works
Advice first
A licensed adviser, such as Wealth Mantra’s, confirms an SMSF suits you.
Fund and trustee
The trust deed is signed and the trustee set up.
Registration
The fund is registered with the ATO and its bank account opened.
Money in
Contributions and rollovers can begin once the fund is set up.
Good to know
You are responsible
As a trustee you are responsible for the fund following the law, even when others help run it. New trustees must sign an ATO trustee declaration.
Advice comes first
Deciding whether to set up an SMSF is a financial decision; advice about it must come from a licensed adviser.
Questions
Can’t find your answer? Ask us and we’ll pass your question to the right business.
Insights
Guides from the group’s specialists
SMSF
The Complete SMSF Trustee Compliance & Audit Guide: ATO Rules, Investment Strategy, and Auditor Independence
What SMSF trustees must do each year: the sole purpose test, an investment strategy, the choice of individual or corporate trustee, and an audit by an independent approved auditor.
SMSF Genius · 4 min read
Next step
Ready to talk aboutSMSF setup?
Tell us a little about your situation and we’ll pass it to the SMSF Genius team.
